Chief Operating Officer and Deputy Director of a Westville Security Company Charged for Their Roles in a $9 Million Theft

CAMDEN, N.J. - A Barrington man, who was the Chief Operating Officer for a security business was charged for his role in embezzling $3 million from a Westville business and bank fraud for the loss of $9 million that the company held in trust for a bank, announced U.S. Attorney Robert Frazer.

Also charged was a Clementon man, who was the Deputy Director of the Westville security company for his role in embezzling over $2 million, U.S. Attorney Robert Frazer announced.

Robert Cormier, 51, of Barrington, New Jersey, was charged in an indictment with embezzlement by bank agent, bank fraud, money laundering, income tax evasion and failing to collect and pay over payroll taxes. Cormier made his initial appearance and was arraigned on July 20, 2026 in Camden federal court before U.S. Magistrate Judge Elizabeth A. Pascal.

Richard Eisler, 38, of Clementon, New Jersey, was charged in a separate indictment with embezzlement by bank agent, money laundering, income tax evasion and witness tampering. Eisler made his initial appearance and was arraigned on 7/24/26 in Camden federal court before U.S. Magistrate Judge Elizabeth A. Pascal.

According to documents filed in this case and statements made in court:

In 2017, Robert Cormier started Erigere Rapidus Solutions, Inc. (ERS), a security services business, that was located in Westville, New Jersey. In late 2019, ERS entered into an agreement with a local bank to collect, count, transport, store and deposit cash on behalf of a bank at the Federal Reserve Bank in Philadelphia. ERS's employees, including Eisler, were responsible for picking up cash from various customers of the bank, counting the cash at ERS's office, and providing accurate daily reports of the cash to the bank. Those reports were supposed to reflect accurately the cash that ERS had collected on behalf of the bank. Cormier was responsible for providing the bank accurate information about the daily balance of cash in ERS's vault, including cash transactions coming in and out of ERS, the denominations of each of the transactions, and the ending balance of bank's cash that was being stored by ERS. The bank relied on the reports from ERS to appropriately credit the relevant customers' accounts for the cash that had been collected by ERS on behalf of the bank.

After picking up the cash from the bank's customers, ERS stored the cash in a vault at ERS's office in New Jersey, until it could be deposited in the Federal Reserve Bank in Philadelphia, Pennsylvania for deposit on behalf of the bank.

From March 2019 to September 2022, ERS collected, counted, stored, transported, and deposited millions of dollars in cash for the bank. On a daily basis, ERS stored cash in its vault, in varying amounts ranging from $1 to $12 million. At the time that the bank ended their relationship with ERS, the bank determined that over $8 million was missing from the vault.

Beginning in 2020 and continuing until 2022, Cormier took various amounts of cash out of ERS's vault, which cash belonged to the bank, without authorization by the bank. Cormier embezzled and stole at least approximately $3 million. Cormier used the embezzled funds to: pay cash payroll for employees at ERS; pay invoices for the installation and monitoring of security systems at various businesses; pay for the installation of security systems in the ERS Offices and vehicles; pay for ERS company vehicles; deposit, and caused to be deposited, cash into ERS's bank accounts; and pay personal expenses for himself and his family members, including, among other things, the installation of a deck and a pool, and household renovations. Cormier did not report this extra income to the IRS nor did he collect and pay over payroll taxes for ERS's employees.

Beginning in 2020 and continuing until late 2021, Eisler took various amounts of cash belonging to the bank out of ERS's vault without authorization by the bank. Eisler embezzled and stole at least approximately $2 million of this money. Eisler used the embezzled funds to pay personal expenses for himself and family members and deposit cash into his personal account, joint accounts, or his family members' bank accounts. The funds were used to purchase luxury vehicles, such as an Audi RS7, Audi R8, Porsche 911, Ford F450 truck, Dodge Durango, Harley Davidson motorcycle, and a recreational vehicle. Eisler also used the funds to pay for his wedding rings, wedding reception, a roof on his residence and to pay off an automobile loan. Eisler did not report this extra income to the IRS. Additionally, during the investigation, Eisler attempted to obstruct the investigation by attempting to persuade a witness to lie to the federal agents.

For Cormier, the counts of embezzlement by bank agent and bank fraud each carry a maximum penalty of 30 years in prison and a fine of up to $1,000,000, or twice the gross loss to the victim or gain to the defendant, whichever is greatest. The counts of income tax evasion each carries a maximum penalty of 5 years in prison and a fine of up to $250,000, or twice the gross loss to the victim or gain to the defendant, whichever is greatest. The counts of failure to collect and pay over payroll taxes each carry a maximum term of imprisonment of 3 years in prison and a fine of up to $250,000, or twice the gross loss to the victim or gain to the defendant, whichever is greatest. The counts of money laundering carry a maximum penalty of 10 years in prison and a fine of up to $250,000, or twice the value of the laundered money, whichever is greatest.

For Eisler, the count of embezzlement by bank agent carries a maximum penalty of 30 years in prison and a fine of up to $1,000,000, or twice the gross loss to the victim or gain to the defendant, whichever is greatest. The counts of concealment money laundering each carry a maximum penalty of 20 years and a fine of up to $500,000, or twice the value of the laundered money. The counts of launder money - transacting in criminal proceeds each carry a maximum penalty of 10 years in prison and a fine of up to $250,000, or twice the value of the laundered money, whichever is greatest. The counts of income tax evasion each carries a maximum penalty of 5 years in prison and a fine of up to $250,000, or twice the gross loss to the victim or gain to the defendant, whichever is greatest. The count of witness tampering carries a maximum penalty of 20 years in prison and a fine of up to $250,000, or twice the gross loss to the victim or gain to the defendant, whichever is greatest.

The charges and allegations contained in the indictments against Cormier and Eisler are merely accusations, and Cormier and Eisler are presumed innocent unless and until proven guilty.

U.S. Attorney Frazer credited special agents of the Federal Bureau of Investigation, Philadelphia Division, under the direction of Special Agent-in-Charge Wayne Jacobs, and agents of the Internal Revenue Service - Criminal Investigation, Newark Field Office, under the direction of Special Agent in Charge Jenifer L. Piovesan, with the investigation leading to these charges. He also thanked the Camden County Prosecutor's Office, under the direction of Prosecutor Grace MacAulay, for their valuable assistance in the investigation.

The government is represented by Assistant U.S. Attorney Jason Richardson of the U.S. Attorney's Office in Camden.

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Defense counsel:

Cormier: Maggie Moy, Esq. Camden, New Jersey.

Eisler: Zach Intrater, New York, New York.