Om Soni Accused Of Bilking Employees On L.I. For Thousands In 401(k) Scam

HAUPPAUGE, NY (CBSNewYork) – A Long Island man is accused of stealing hundreds of thousands of dollars in a 401(k) scam.

WCBS 880’s Sophia Hall On The Story

The Suffolk County district attorney said Friday that Om Soni lived the ‘Life of Riley’ using other people’s retirement funds.

“He bought a Bentley. He bought a high-end Mercedes-Benz. He has a special edition Porsche, another Bentley, a Lamborghini,” said D.A. Thomas Spota.

Spota said Soni lives in a $4 million home on Bel Air Court in Oyster Bay.

10 Bel Air Court, Oyster Bay, NY (credit: Suffolk County District Attorney)

10 Bel Air Court, Oyster Bay, NY (credit: Suffolk County District Attorney)

Spota said between 2007 and 2009, when Soni was the CEO of Sonix Medical Resources in Hauppauge, he stole nearly $300,000 from his employees.

180 people thought their money was going into a 401(k) retirement plans, but Spota said it was really going into Soni’s pockets.

The company is currently in bankruptcy.

Soni is charged with 2nd degree grand larceny and scheming to defraud in the 1st degree.

In total, he the alleged larceny was $278,000.

  • Monika

    You’d have to be a fool to think one can obtain a multimillion dollar mansion, two Bentleys, a lamborghini, a couple of Merc’s by “looting” $300K. Let’s think for a second here. Looks to me as if this Spota needs to learn some math before attempting to ruin a hardworking man’s empire! I smell jealousy!

  • The Realist

    Didn’t the employees notice that they weren’t getting statements?

  • None Of Your Business

    The two of you have just stated the reason why state governments need to quash the unions and end generous retirement benefits and health care benefits and other perks paid for by the bankrupt taxpayers.

  • Not Me Sir

    401k plans are for fools. I too will have civil service pension, 98,000 every year until I die with full benefits. Age 43, Good luck to the rest of you.

  • Not Me

    401k plans are for suckers, when I retire from civil service I am going to get a pension of 95k yr the rest of my life with full benefits for basically doing close to squat the last 20 years, good luck to the rest of you.

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