European Stars and Stripes (Newspaper) - June 7, 1992, Darmstadt, Hesse                                Sunday june 7, 1992 the stars and stripes Page 5exec charged with bilking $25 million by the new York times new York a the owner of a new Jersey payroll company was charged Friday with stealing More than $25 million from prestigious clients by promising to Cash employees checks and then walking away with the companies payrolls. Robert Felzenberg president of payroll express corp., is accused of defrauding companies and government agencies that included the port authority of new York and new Jersey the new York Stock Exchange and Pepsico inc. Payroll express whose main office is in Elizabeth n.j., contracted with companies and government agencies to provide on site Check cashing services for their employees. Several Days before payday the companies would Transfer Money by wire to payroll express accounts then payroll express would Cash checks at the work site. Unused Money was to be returned to the company or Public Agency. But last week payroll express vans began to fail to show up at the places where they were scheduled to Cash checks. In 11 Days the authorities say the scheme Cost the City of new York the metropolitan transit authority and the City health and hospitals corp. $5.5 million. Felzenberg 49, of Hillside n.j., was charged Friday in Manhattan a . District court with embezzlement and wire fraud. He was released after signing a $2 million Bond. His personal and corporate assets were Frozen. Felzenberg is also accused of transferring $30 million in payroll express accounts into the accounts of other companies he owns and into his personal Bank account. If convicted of the Federal charges. Felzenberg faces a maximum sentence of 15 cars in prison and a Fine of at least $500,000. In a separate action his company filed for Protection under chapter 11 of the bankruptcy code. The Federal complaint said that As of monday payroll express had overdrafts and Bank Loans exceeding $10 million and a negative net Worth of More than $15 million. Among the clients Felzenberg is accused of defrauding Are St. Luke a Roosevelt medical Center Beth Israel medical Center and new York University medical Center. He is also accused of bilking at amp to and the United Jersey Bank of Princeton. A spokesman for new York University said the University has lost Between $500,000 and $1 million. A we used payroll express for 10 years without any problems a said Virgil Renzulli director of Public affairs for new York University. A there was no reason to suspect any problems until last week when they just did no to show  the company had an arrangement with the new York University medical Center for at least four years a personnel department worker said. On thursday afternoons payroll express employees would set up operations in a first floor room at the Hospital. The Federal authorities would not say How Long the scheme had been going on but said it most often Fol Lowed the pattern described at new York University. The Federal complaint charges that in one instance on May 26, the Nyu medical Center transferred $475,000 by wire from its account at Chase Manhattan Bank to a payroll express account. On May 28, an employee at payroll express called Nyu and said the payroll company would be late. The company never arrived the Federal complaint says. In another instance on May 27, the Federal complaint says the Nyu Washington Square office transferred $650,000 from a Citibank account to a payroll express account. When payroll express never showed up to Cash checks the complaint says the Nyu comptroller spoke to Felzenberg and Felzenberg said there had been a disagreement Between him and the Bank. The complaint said St. Luke a and Beth Israel lost about $2.8 million. At United Jersey Bank the payroll express account was overdrawn by $6 million. An unaudited listing of payrolls assets and liabilities prepared by Price waterhouse said the company owed its customers More than $24 million court records show. Assistant . Attorneys Michael e. Horowitz and David n. Lawrence stated in the complaint that More than $30 million Over the past year was transferred under Felzin bergs a personal orders from the payroll express account at the United Jersey Bank to one or More accounts of his four other companies my Sam Louis shipping co., Sisina shrimps snipping co., Stephen Blair apartment co. And Stephen Blair investment. In thl stars and stripes 10 years ago june 7,1982 a Israel invaded Lebanon behind a screen of bombing jets and missile shooting gunboats to Clear out the Palestine liberation organization. 20 years ago june 7,1972 a a Federal appeals court overturned a landmark desegregation order to merge Richmond va., City schools with those of two suburban counties holding that a lower court judge exceeded his authority in directing the merger. 30 years ago june 7,1962 a the Senate voted to shut off All foreign Aid to any communist dominated country. The amendment to a pending $4.6 billion foreign Aid Bill included a prohibition on gifts or sales of surplus agricultural commodities. 40 years ago june 7,1952 a More than 400 East germans mostly Farmers fled their soviet zone pastures and crossed into West Germany after their Border area properties had been confiscated by the communists and they had been ordered to move North. Wui ii d  ii 50 years ago today june 7 19 4.2 the . Carrier York town sailing at reduced Speed because of damage from the Bame of Midway in caught by a japanese submarine and sunk. Japanese troops capture a second Island in Alaska s Aleutian Chain Attu. On the Southern soviet front nine German and two romanian divisions launch a big attack on besieged Sevastopol the important naval base in the Crimea. Source 2194 Days of War w. H. Smith a publishers inc. World almanac Book of world War ii Bison books corp1981 Frk remembered a members of the Kennedy family Kneel at the grave of Robert f. Kennedy on the anniversary of his assassination Friday. At Arlington National cemetery in Virginia Are from left r. Sargent Shriver rep. Joseph p. Kennedy ii a mass. Victoria Reggie Blancle of sen. Edward m. Kennedy a mass. And sen. Kennedy. Robert Kennedy was shot on june 5, 1968, in los Angeles by Sirhan sir Han. For Sale Sac Bunker War room included Amherst mass. Apr this room has no View. But for $250,000 you can get your own 44,000 Square foot climate controlled three Story atomic Bombproof cold War Bunker Complete with glassed in command theater. A a it a something of a White elephant a real estate agent Esta Busi said Friday. But she has gotten a few inquiries for the former strategic air come Bunker buried underneath a Mountain in this College town. A a it a the Only one for Sale in the Usa a reads the advertisement �?o$250,000, a wild imagination. And its  its latest owner the Federal Reserve Bank of Boston used the underground command Center primarily for records and storage. Construction on it began in 1956 when the former Westover fab was sacks northeastern Headquarters. The More serious inquiries about the Bunker have come from like minded companies said busies Boss Gerald Jones. A but its zoned residential a he said. A it has kept our records Safe dry and available a said Brian Donovan Protection manager for the Bank which acquired the Bunker for $60,000 after Sac pulled out of Westover in 1973. A it was a Good Price a Donovan said. But he said the Bank decided the Bunker was too expensive to maintain after the Federal Reserve Bank of new York City which had rented part of it pulled out in March. For the Purchase Price 26 acres above ground with guard House and electric Gates would be included. Song Birds now flutter in the Long grass around the housings for the sensors that would have slammed shut the bunkers massive blast doors and All other openings in Case of attack