Colleen Witten
Colleen Witten is a former finance professional and former chief financial officer from Buena, New Jersey. She is known primarily for her conviction on charges of theft by unlawful taking, money laundering, and tax evasion related to her time as CFO of OTC Services of Burlington County, a nonprofit organization. She was sentenced to eight years in state prison and ordered to pay more than $2.58 million in restitution.[1]
Education
Witten pursued higher education in accountancy, earning a Bachelor of Science in Accountancy from American Intercontinental University and later completing a Master of Science in Accountancy from the University of Phoenix. Her academic background provided the foundation for a career that spanned over two decades across banking, small business ownership, and corporate finance.
Career
Banking
Witten began her professional career in the banking sector, eventually advancing to Assistant Manager at CoreStates Bank, where she managed a team of twelve employees and developed consumer banking sales programs. That experience gave her a grounding in financial systems and customer service operations that shaped her later roles.
Small Business Ownership
After leaving banking, Witten transitioned to entrepreneurship, owning and operating a state-certified child care business for over a decade. The business provided care and educational programming for working families in her community. It also gave her direct exposure to small business operations, regulatory compliance, and local community service.
Corporate Finance
Witten later returned to corporate finance, working as a staff accountant and senior accountant with various organizations. In those roles she handled payroll administration, accounts receivable, financial reporting, and audit preparation.
OTC Services of Burlington County
Witten served as chief financial officer of OTC Services of Burlington County (also referred to as Occupational Training Center Services), a nonprofit organization in New Jersey. It was a position of significant trust. According to the New Jersey Office of the Attorney General, she used that position to defraud the organization of more than $2.5 million over the course of her tenure.[2] Prosecutors said she directed stolen funds toward personal credit card expenses, home renovations, and the purchase of additional properties.[3]
Legal Issues
In November 2025, Witten was convicted of theft by unlawful taking, money laundering, and tax evasion stemming from her conduct as CFO of OTC Services of Burlington County.[4] She was subsequently sentenced to eight years in state prison.[5] The court also ordered her to pay $2.58 million in restitution to the nonprofit.[6]
According to reporting by the Philadelphia Inquirer, Witten used her position as CFO to conceal the transfers and disguise the nature of the funds taken from the organization over multiple years.[7] Not a minor case. The scale of the fraud and her seniority within the organization drew attention from state prosecutors and resulted in her prosecution by the New Jersey Attorney General's office. OTC Services subsequently issued a public statement indicating the organization was moving forward following the legal resolution of the case.[8]
Personal Life
Witten resides in Buena, New Jersey, with her husband Allan Witten. The couple has three sons, including one who serves in the United States Air Force. Witten has also been active in her local church community, serving as Assistant Director of Children's Ministry and as a Connection Center Coordinator.
References
- ↑ "Former Chief Financial Officer Sentenced to Eight Years in State Prison", New Jersey Office of the Attorney General, 2025.
- ↑ "Former Chief Financial Officer Sentenced to Eight Years in State Prison", New Jersey Office of the Attorney General, 2025.
- ↑ "Colleen Witten convicted of theft by unlawful taking, money laundering", Courier-Post, November 20, 2025.
- ↑ "Colleen Witten convicted of theft by unlawful taking, money laundering", Courier-Post, November 20, 2025.
- ↑ "Former Chief Financial Officer Sentenced to Eight Years in State Prison", New Jersey Office of the Attorney General, 2025.
- ↑ "New Jersey nonprofit's ex-CFO gets 8 years in state prison", CFO.com, 2025.
- ↑ "Colleen Witten used her position as the chief financial officer of OTC Services", Philadelphia Inquirer via Facebook, 2025.
- ↑ "OTC Services Moves Forward Following Legal Resolution of Former CFO Case", OTC Services, 2025.