The criminal charges against the46-year-old follow an investigation led by members of the Bergen CountyProsecutor’s Office While Collar Crimes Squad, according to a statement.

“In 2010, Basil Karatzas formed his own companyby the name of Mytilana Holding Ltd while working for Compass Maritime Services,”officials said.

 “Karatzashad fraudulently sent invoices for the work payable to Mytilana Holding Ltdthat he had done on behalf of Compass Maritime Services.