NJ Woman Arrested Charged With Stealing $400,00 From St. James Company

DISTRICT ATTORNEY CHARGES FORMER ACCOUNT SUPERVISOR FOR ALLEGEDLY STEALING MORE THAN $400,000 FROM ST. JAMES HVAC COMPANY

Eleni Kalodis Allegedly Redirected Her Employer’s Vendor Credits to Her Personal Accounts in Order to Fund Lavish Lifestyle

(SUFFOLK COUNTY, N.Y.) – Suffolk County District Attorney Raymond A. Tierney today announced the arrest of Eleni Kalodis, 54, of Fort Lee, New Jersey, for Grand Larceny in the Second Degree, for allegedly stealing vendor credits from a St. James-based HVAC company and then transferring the funds to her personal accounts during her six years employed there in order to subsidize various extravagant expenses.

“The alleged acts of this defendant illustrate an employee who exploited her position of trust to systematically steal hundreds of thousands of dollars from her employer,” said District Attorney Tierney. “Trust is the foundation of which business and our economy thrive. Our office will continue to vigorously prosecute those who betray their professional responsibilities for personal gain.”

According to the investigation, from March 2017 to December 2023, Kalodis allegedly stole funds in the form of purchase order credits from Islandaire, a nationwide specialty air conditioning and heating manufacturer, which were due and payable to the vendors who conducted business with the company.

Kalodis, in her capacity as the Credits Receivable Supervisor, was the only individual at Islandaire who had access to crediting the company’s vendor accounts, and she allegedly took this unfettered opportunity to steal over $400,000 from the company for over six years, by redirecting those credits into her own accounts to pay her expenses, including restaurants, hotels, vacations and crypto currency purchases.

On October 30, 2024, District Court Judge Alonzo Jacobs ordered Kalodis placed on supervised release and ordered her to surrender her passport during the pendency of the case. Kalodis is due back in court on November 20, 2024, and he is being represented by William Newman, Esq.

This case is being prosecuted by Assistant District Attorney Jennifer Milito of the Financial Crime

Bureau, and the investigation was conducted by Special Investigator Robert Magrino from the

Suffolk County District Attorney’s Financial Crime Bureau.