Glen W. Albanese, a former chief financial officer at the brokerage firm Needham & Co., was charged with stealing $1 million to spend on wine, trips, decorating and a designer breed of dog known as a labradoodle.
Albanese, 41, stole from the New York-based company from 2000 to December 2010 by directing vendors to submit phony invoices, according to an FBI arrest complaint. He told one vendor to give him envelopes of cash, while others paid his personal expenses, according to the FBI.
Albanese, of Manalapan, NJ, spent much of the proceeds on wine, interior decorating, equestrian equipment, flights, hotels and travel, the FBI said.
He is charged with conspiracy to commit wire fraud and faces as long as 20 years in prison. His lawyer did not immediately return calls for comment.