Four former executives of a livery cab collective based in Ozone Park allegedly embezzled more than $700,000 from the organization over a seven-year period, prosecutors announced.
Three of the ousted officials at Intaboro Acres Inc., with offices at 88-19 101st Ave., have been picked up for the scheme: Kubilay Durantas, 55, of Staten Island; Mitat Beymolla, 62, of Baldwin, Long Island; and Lisa Cruz, 49, of Bay Shore, Long Island. The company’s president — Iqbal Ali, 60, of Staten Island — was also charged but remains at large, according to Queens District Attorney Richard A. Brown.
Law enforcement sources said the four suspects individually and/or collectively stole more than $732,000 between 2007 and 2014 from the company, which sells shares to livery cab drivers in exchange for the rights to use company cars and pick up fares. The defendants resigned from the company after shareholders learned of the scheme and confronted them, according to Queens District Attorney Richard A. Brown.
“The four defendants were trusted by the cooperative shareholders to watch out for the best interests of the cooperative, which has been in operation in Queens for more than 40 years,” Brown said in a statement. “Instead, the defendants are accused of using the cooperative – both individually and in concert with each other – as their own personal piggy bank before being confronted by the shareholders and resigning their positions.”