SECURITY-COMPANY EXECUTIVES CHARGED IN ALLEGED MULTIMILLION-DOLLAR VAULT THEFT AND MONEY-LAUNDERING SCHEME

CAMDEN, N.J. — Two former executives of a Westville security company have been federally charged in an alleged scheme involving millions of dollars taken from cash entrusted to the company by a bank.

Robert Cormier, 51, of Barrington, served as the owner and chief operating officer of Erigere Rapidus Solutions Inc., known as ERS. Federal prosecutors allege that Cormier embezzled approximately $3 million and committed bank fraud connected to a loss of approximately $9 million.

Richard Eisler, 38, of Clementon, served as the company’s deputy director and allegedly embezzled more than $2 million from the same cash-storage operation.

The allegations concern money ERS was responsible for collecting, counting, transporting, storing, and depositing on behalf of a local bank. The company’s central responsibility was protecting the bank’s cash while maintaining records that accurately showed how much money entered and left its Westville vault.

Federal authorities allege that two company leaders used their access to the operation to remove large amounts of that money without authorization.

Cormier was charged with embezzlement by a bank agent, bank fraud, money laundering, income-tax evasion, and failure to collect and pay over payroll taxes. He appeared in Camden federal court and was arraigned before U.S. Magistrate Judge Elizabeth A. Pascal on July 20, 2026.

Eisler was charged in a separate 20-count indictment with embezzlement by a bank agent, concealment money laundering, transacting in criminal proceeds, income-tax evasion, and witness tampering. He was arraigned before Judge Pascal on July 24, 2026.

Cormier founded ERS in 2017 as a security-services company operating in Westville. In late 2019, ERS entered into an agreement with a local bank to handle cash collected from the bank’s customers.

ERS employees picked up the money, transported it to the company’s office, counted it, and stored it inside the company vault. ERS was then responsible for packaging and delivering the currency to the Federal Reserve Bank in Philadelphia for deposit on behalf of the bank.

The security company was required to submit daily reports documenting the cash it held. Those reports were supposed to identify incoming and outgoing transactions, currency denominations, and the vault’s ending balance.

The bank relied on ERS’s reports when crediting customer accounts. The accuracy of those records was essential because ERS regularly controlled millions of dollars belonging to the bank and its customers.

From March 2019 through September 2022, ERS collected, counted, stored, transported, and deposited millions of dollars for the bank.

When the bank ended its relationship with ERS, it determined that more than $8 million was missing from the vault. Prosecutors allege that Cormier’s bank-fraud conduct was responsible for a loss totaling approximately $9 million.

Beginning in 2020 and continuing through 2022, Cormier allegedly removed bank-owned cash from the ERS vault without authorization. Prosecutors accuse him of taking at least approximately $3 million.

Cormier allegedly used the money to finance ERS operations, including employee payroll, company vehicles, business invoices, and security systems installed at ERS offices, vehicles, and other businesses.

Federal authorities also allege that Cormier deposited portions of the money into company bank accounts and used stolen funds for personal expenses benefiting himself and members of his family. The expenditures allegedly included a deck, a swimming pool, and household renovations.

Cormier is further accused of failing to report the additional income to the Internal Revenue Service and failing to collect and pay required payroll taxes for ERS employees.

Eisler began working for ERS as a part-time security guard in 2018. He became deputy director in early 2020 and gained access to the company’s vault. He was also a member of the New Jersey Army National Guard during the period described in his indictment.

Prosecutors allege that Eisler removed at least approximately $2,082,038 from the ERS vault between January 2020 and November 2021.

The indictment accuses Eisler of using the money for personal and family expenses and depositing cash into personal, joint, and family-controlled bank accounts. Funds deposited into accounts belonging to family members were allegedly transferred into accounts controlled by Eisler.

The alleged spending included an Audi RS7, Audi R8, Porsche 911, Ford F-450 truck, Dodge Durango, Harley-Davidson motorcycle, and recreational vehicle. Prosecutors also allege that Eisler used the money for wedding rings, a wedding reception, a new roof at his residence, and repayment of an automobile loan.

Court records identify several transactions that form the basis of the money-laundering charges. Prosecutors allege that Eisler gave cash to individuals and received business checks in return, allowing him to place the money into accounts he or his family members controlled.

The concealment-money-laundering counts identify nine alleged transactions conducted between July 2021 and May 2022. They include checks ranging from $10,000 to $95,000 that prosecutors contend were exchanged for cash, used to repay cash loans, or directed through other individuals and businesses.

One alleged transaction involved a $50,000 check issued through a contractor’s business because a third-party business would not accept cash from Eisler for work performed on his vehicle. Another involved a $20,000 check used to pay for repairs and service on one of his vehicles.

Six additional money-laundering counts concern transactions involving more than $10,000 in allegedly criminal proceeds. The indictment identifies a $35,000 cash down payment on a $140,000 Audi RS7 and a $50,000 cash down payment on a $150,000 Audi S8.

The remaining transactions identified in those counts include a $30,000 cash deposit, a $35,000 cash purchase of a Mitsubishi Lancer, an $86,000 cash purchase of a Nissan GT-R, and the deposit of $100,000 in checks representing proceeds from the sale of the Mitsubishi and Nissan.

Federal prosecutors also accuse Eisler of evading income taxes for 2020, 2021, and 2022.

For 2020, Eisler allegedly reported $44,501 in wages from his work with the New Jersey Army National Guard but failed to report approximately $256,645 allegedly obtained through the embezzlement scheme. The indictment places the resulting additional federal tax at approximately $72,198.

Eisler allegedly failed to file personal federal income-tax returns for 2021 and 2022. Prosecutors contend that he failed to report approximately $1.54 million in alleged embezzlement income for 2021 and approximately $275,570 for 2022. The indictment identifies approximately $536,433 in additional tax due for 2021 and approximately $78,352 for 2022.

The witness-tampering charge stems from the federal investigation launched by the FBI and IRS Criminal Investigation in October 2022.

Prosecutors allege that on July 9, 2023, Eisler instructed a witness to falsely tell federal agents that two checks paid to him represented loans the witness had provided. Four days later, Eisler allegedly gave investigators the same explanation when questioned about checks deposited into accounts controlled by him or his family members.

For Cormier, embezzlement by a bank agent and bank fraud each carry a maximum sentence of 30 years in prison. Each offense also carries a fine of up to $1 million or twice the gross loss to the victim or gain to the defendant, whichever is greater.

Cormier’s money-laundering counts each carry a maximum sentence of 10 years. Income-tax evasion carries a maximum sentence of five years for each count, while each payroll-tax count carries up to three years in prison.

For Eisler, embezzlement by a bank agent carries a maximum sentence of 30 years. Each concealment-money-laundering count carries up to 20 years, and each count involving transactions in criminal proceeds carries up to 10 years.

Eisler’s income-tax-evasion counts each carry a maximum sentence of five years. The witness-tampering charge carries a maximum sentence of 20 years in federal prison.

The maximum penalties describe the statutory limits attached to the charges and do not constitute predetermined sentences. Any sentence would be imposed by a federal judge after considering the applicable law and sentencing factors if either defendant is convicted.

U.S. Attorney Robert Frazer announced the charges and credited special agents from the FBI’s Philadelphia Division, under the direction of Special Agent in Charge Wayne Jacobs, and IRS Criminal Investigation’s Newark Field Office, under the direction of Special Agent in Charge Jenifer L. Piovesan, with conducting the investigation.

Frazer also thanked the Camden County Prosecutor’s Office, under the direction of Prosecutor Grace MacAulay, for assisting federal investigators.

Assistant U.S. Attorney Jason Richardson of the U.S. Attorney’s Office in Camden is representing the federal government.

Maggie Moy of Camden represents Cormier. Zach Intrater of New York represents Eisler.

The charges contained in both indictments are accusations. Cormier and Eisler are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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U.S. District Court for the District of New Jersey.

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