Titanium Fabrication Corporation has filed a lawsuit accusing a former executive of financial misconduct that allegedly resulted in significant financial losses for the company. The complaint was filed by Titanium Fabrication Corporation on November 26, 2025, in the United States District Court for the District of New Jersey against Lawrence W. Schwoeri.
The lawsuit details a series of alleged fraudulent activities and financial mismanagement conducted by Lawrence W. Schwoeri during his tenure as CEO of Craft Machine Works, Inc., a subsidiary of Titanium Fabrication Corporation (Ti-Fab). According to the complaint, Schwoeri is accused of diverting funds from Ti-Fab under false pretenses, ostensibly to support Craft’s operations but instead funneling these resources into another company he led, Automated Machine Technology, Inc. (Amtech), which was not owned by Ti-Fab. This diversion reportedly caused Ti-Fab to suffer millions in losses.
The plaintiff claims that starting around 2016, Schwoeri began taking out loans from Ti-Fab to cover payroll obligations at Craft. By 2018, he allegedly started transferring funds between Craft and Amtech without authorization. These transfers were reportedly disguised through falsified financial statements and misrepresented transactions designed to conceal Craft’s dire financial condition from Ti-Fab and its owner Leonard Levie.
The complaint accuses Schwoeri of committing fraud by making material misrepresentations about Craft’s financial health and the purpose behind fund requests from Ti-Fab. It alleges that he provided false assurances that the money would be repaid once customer payments were received, which never happened as promised. Furthermore, it claims that Schwoeri engaged in conversion by exercising unauthorized control over Ti-Fab’s property for personal gain and unjust enrichment by securing salaries and bonuses while orchestrating improper fund transfers.
As a result of these actions, Titanium Fabrication Corporation is seeking judgment against Lawrence W. Schwoeri for damages amounting to millions of dollars. The relief sought includes repayment of misappropriated funds along with interest, costs, attorneys’ fees, expenses, and any other relief deemed just by the court.
Representing Titanium Fabrication Corporation is attorney Jay M. Levin from Flaster Greenberg P.C., who will serve as trial counsel for this case filed under Civil Action No.: 2:25-cv-17994 before the United States District Court for the District of New Jersey.
Source: 225cv17994_Titanium_Fabrication_Corporation_v_Schwoeri_Complaint_District_New_Jersey.pdf
