Man Defrauds Brother-In-Law’s Estate

A sixty-year-old man admitted to misappropriating $510,000 from the estate of his brother-in-law to use in his personal business. 

Bernard W. Ozarowski pleaded guilty in Superior Court in Morristown, New Jersey to a charge of second-degree misapplication of entrusted property.  When Ozarowski’s brother-in-law died in December 2011, Ozarowski was appointed as executor of the estate, which contained significant assets.  Ozarowski was in charge of distributing the assets to the beneficiaries of the will and although he made a few payments to beneficiaries, he transferred the remaining assets of the estate to his own company.  Ozarowski misapplied over half a million of his brother-in-law’s assets by spending the money on personal business expenses in an effort to keep his company afloat. 

Under the plea agreement, the state is recommending a three-year state prison sentence for Ozarowski and he must pay $510,00 in restitution to the designated beneficiaries.  Ozarowski has made an application to be admitted to the Drug Court program.

See Ben Horowitz, Man Admits Misappropriating $510K from Brother-In-Law’s Estate, NJ.com, March 19, 2015.