DA Spota - CEO of bankrupt medical company charged with diverting workers’ 401K funds

The chief executive officer of a bankrupt Hauppauge diagnostic imaging and medical billing business pleaded not guilty today to grand larceny and scheme to defraud charges.

Suffolk County District Attorney Thomas Spota said an investigation by his office and the US Labor Department found that Om Soni of Oyster Bay, the Chief Executive Officer of Sonix Medical Resources, used approximately $300,000 he owed his employee’s 401K plan to “pay for his Bentley, Lamborghini, Porsche, an Oyster Bay mansion and to fund other executive salaries”.

Soni, 67, of 10 Belair Court, Oyster Bay, is charged with grand larceny in the second degree and first degree scheme to defraud.  The theft occurred from 2007 through 2009.

The New York Regional Office of the Employee Benefits Security Administration (EBSA), United States Department of Labor (USDOL) referred the case to the district attorney’s office.