A Vineland man who heads a Cumberland County Republican organization was arrested for allegedly removing more than $149,000 from the bank account of an elderly resident in Cape May County.

Robert V. Greco Jr., 51, the owner and administrator of East Creek Manor Rehabilitation Center in Eldora, was arrested on theft charges, according to Cape May County Prosecutor Robert Taylor. Greco is the chairman of the Cumberland County Regular Republican Organization.

Greco allegedly convinced an elderly patient to sign the power of attorney documentation, giving Greco control of their financial portfolio in December 2012.

The funds removed were not directly related to the care of the victim, but instead were used to pay for expenses that Greco and the business incurred, Taylor said in a statement Monday.

Greco was charged with theft by failure to make required disposition, a criminal charge that carries a prison term of up to 10 years.

Greco was arrested and taken to Cape May County Jail. Bail was set at $35,000.

Upon hearing the news of Greco's arrest, U.S. Congressman Frank LoBiondo, R-2nd, issued a statement calling for his resignation. 

"Due to the seriousness of the charges, it is only appropriate that Bob resign in his chairmanship of the Cumberland County Regular Republican Organization," he said. 

Anyone with information should contact the Prosecutor's Office at (609) 465-1135.

Staff writer Steve Hughes contributed to this report.