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The $1.6M Accounting Failure Every Business Should Study
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Subscribe02 FEB 2026 / ACCOUNTING & TAXES
Michael Delia, a New Jersey-based accountant, stands accused of embezzling approximately $1.64 million from two clients over a seven-year period. Delia allegedly misappropriated company funds for personal expenses and sports betting, including over $910,000 of sales taxes intended for the New Jersey Treasury, signaling a significant breach of trust and highlighting the potential vulnerabilities in trust-based systems for small businesses.
Imagine handing your accountant the keys to your business, only to find out years later he allegedly used them to bankroll sports bets and pay his mortgage. That is the gut punch now facing a New Jersey business owner, and it is a story that should make e...
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