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May 14, 2021
The third Eastern Produce Council Leadership Class experienced key aspects of the produce logistics and distribution system with a tour of the Philadelphia Wholesale Produce Market and Holt Logistics on May 11. “In this first event of our current leadership program we were excited to engage this group of talented industry professionals with such crucial supply chain partners such as PWPM and Holt,” said Susan McAleavey Sarlund, EPC executive director.
The group started the day at PWPM with a presentation on the market’s history, evolution and current technology from John Vena of John Vena Inc., a former member of the PWPM Board of Directors and current “unofficial historian.” Vena explained how the PWPM traces its roots back to the days of William Penn and noted the current modern facility will celebrate its 10th anniversary this June. “Terminal markets have always played an important role in the distribution of produce,” he said. Participants had the opp
Philly Wholesale Produce Market comments on charges against former CEO
Former president and CEO, Caesar “Sonny” DiCrecchio, of the Philadelphia Wholesale Produce Market faces multiple criminal charges for stealing $7.8 million from the company. DiCrecchio had presided over the market for 20 years when he abruptly resigned in 2018. He used the money to do good deeds for those in need, as well as for his own personal benefit.
The Market has released a statement in which they comment on the charges against DiCrecchio.
“The Philadelphia Wholesale Produce Market has and continues to cooperate with the U.S. Attorney’s office in this matter, and we look forward to those criminally responsible for the fraud being held accountable. The Market is one of the Mid-Atlantic region’s main sources of food, and the new management and board leadership are focused on ensuring that the organization is a trusted partner for our vendors and customers. Over the past three years, we have implem
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Caesar DiCrecchio, 60, of Voorhees, NJ, was charged by Information with two counts of wire fraud, one count of conspiracy to commit wire fraud, one count of money laundering conspiracy, one count of aggravated identity theft, and four counts of tax evasion, all of which allegedly caused more than $7.8 million in losses to the Philadelphia Wholesale Produce Market BB #:296053 in South Philadelphia. Separately, Thomas Del Borrello, 42 of Sewell, NJ, was also charged by Information with eight counts of aggravated false filing of a currency transaction report and one count of aggravated failure to file a currency transaction report.
Ex-president of wholesale food complex stole $7.8M to pay rent on N.J. home, feds allege
Updated Mar 12, 2021;
Federal authorities on Friday charged a New Jersey man in a scheme to steal $7.8 million from the Philadelphia Wholesale Produce Market, a company he once headed.
Caesar DiCrecchio, 60, of Vorhees, was accused of using some of those funds to pay $1.9 million in rent on his Stone Harbor house. He faces two counts of wire fraud, one count of conspiracy to commit wire fraud, one count of money laundering conspiracy, one count of aggravated identity theft, and four counts of tax evasion.
A second New Jersey man, Thomas Del Borrello, 42 of Sewell, was accused separately of using his position at United Check Cashing in Philadelphia to hide DiCrecchio’s identity on transactions that totaled more than $10,000. He faces eight counts of aggravated false filing of a currency transaction report and one count of aggravated failure to file a currency transaction report.