Former Manager Of The Asbury, Others Indicted On Theft Charge

Asbury Park NJ

07 June, 2021

4:18 PM

Description

ASBURY PARK, NJ – A former manager of three Asbury Park properties was indicted by a grand jury on Monday on a single count of second-degree theft, according to the Monmouth County Prosecutor's Office. Larry Dembrun, 41, of Montclair, was arrested on Sept 22 and charged with theft of $486,000.00 while working as the general manager of the Asbury Hotel, Asbury Lanes, and the Asbury Ocean Club. Hotel executives contacted the APPD last June after discovering that Dembrun had written numerous checks to pay a personal credit card bill and issued unauthorized checks to himself and other staff. In addition to using company funds to pay his personal credit card bill and to make unauthorized disbursements to other hotel employees, Dembrun also withdrew cash from the operating account, which he deposited into his personal account and failed to deposit cash receipts collected at the hotel's entertainment venue, retaining them for his own personal use. After investigators performed an audit on the hotel's finances and examined Dembrun's personal bank accounts, investigators discovered that Dembrum stole over $486,000 from the company over two and a half years. If convicted, Dembrun faced ten years in state prison.