Former Newark company controller gets 3 years for stealing over $200,000
Newark, N.J.-Essex County Prosecutor Theodore N. Stephens II announced today that a former controller of a family-owned business in Newark has been sentenced to three years in New Jersey State Prison for stealing more than $200,000 from the company. Mark Malinosky, 60, of Tucson, Arizona, pleaded guilty to second-degree theft, second-degree computer theft, and second-degree…
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What happened
Newark, N.J.-Essex County Prosecutor Theodore N. Stephens II announced today that a former controller of a family-owned business in Newark has been sentenced to three years in New Jersey State Prison for stealing more than $200,000 from the company. Mark Malinosky, 60, of Tucson, Arizona, pleaded guilty to second-degree theft, second-degree computer theft, and second-degree…
Why it may affect you
This concerns public safety or the justice system in Newark and Essex County. The official agency remains the controlling source for active instructions and case-status changes.
What residents should do
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The full story
What the official update says
Newark, N.J.-Essex County Prosecutor Theodore N.
Mark Malinosky, 60, of Tucson, Arizona, pleaded guilty to second-degree theft, second-degree computer theft, and second-degree financial facilitation of criminal activity.
Key details
Malinosky worked for M Eagle Tools Warehouse in Newark from September 2018 until April 2024, overseeing accounting and payroll functions.
He was fired after the company discovered that he had used a credit card belonging to a retired company owner to pay college tuition for his daughters in Arizona.
Anyone with information related to criminal activity is encouraged to contact the Essex County Prosecutor’s Office Tips Line at 1-877-TIPS-4EC or 1-877-847-7432.
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Background and context
An audit conducted in 2024 further revealed that Malinosky used company software to increase his own salary and to conceal the theft.
What officials said
This defendant abused his position of trust to take more than $200,000 from a local business.
This sentence holds him accountable for his actions and for the significant financial harm he caused to this family-owned company”, said Prosecutor Stephens.
What happens next
All calls will remain confidential.
Legal note: Charges and allegations are accusations. A defendant is presumed innocent unless proven guilty in court.
Primary source
Read the original official update
Jersey Alerts summarized and organized information published by Essex County Prosecutor. The agency page is the controlling source for later changes, documents and official contact information.
Official source headline: Former Controller Sentenced for Stealing MoreThan $200,000 from Newark Company
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