Former PSC partner and employee Tony Fremarek was arrested on January 14, 2021 after being charged in a federal grand jury indictment. The indictment recently was unsealed.
As the grand jury charge states, some of the allegations of wire fraud and making false statements to a financial institution concern Mr. Fremarek’s service to PSC Group and embezzlement of company funds.
We wish to reassure our clients and valued business partners that PSC Group reported all accounting discrepancies promptly to investigators. We also fully cooperated with the investigation that has resulted in the charges against Mr. Fremarek.
PSC Group remains in strong financial shape. The investigation undertaken does not impact the company’s performance or ability to deliver on client commitments. Nor has PSC Group uncovered any evidence that suggests that customer information or data has been compromised or breached in any way.
PSC Group is not identified by name in the indictment but wants to reassure you both of the company’s commitment to cooperate in every possible way with the investigation and of the strength of the PSC Group business as we move forward in the new year. As such, the company will not make any further comment on the outstanding allegations and charges against Mr. Fremarek.