Michael Collins, a chief marketing officer in Manhattan, has been indicted for allegedly stealing nearly $6 million from companies over eight years. He created fake companies and employees to pull off the scheme, using the embezzled funds for luxurious expenses, including a $150,000 engagement ring and over 150 flights. Collins pleaded not guilty to grand larceny and falsifying business records, with prosecutors detailing elaborate measures he took to cover his tracks, including creating fictitious identities and investigating ways to mask his own identity.
"[Collins] used the stolen funds for such things as executive club memberships, luxury brands, fine dining and extensive travel and lodging, including over 150 flight tickets purchased during the period of the thefts."
"Notably, the defendant also used the stolen funds to pay for a $150,000 engagement ring from a boutique jewelry store."
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