Wayne King, acting CEO of Roswell, Georgia-based Advanced Solutions for Tomorrow, tells WPRI-TV in Providence that the layoffs go into effect Monday.

King told workers in an e-mail that the company’s assets had been frozen and it could no longer operate.

The firm has offices in Middletown, Rhode Island

Prosecutors accuse the company’s founder, Anjan Dutta-Gupta, of funneling about $10 million through his company’s subcontractors to a civilian Navy employee and his relatives and associates.

Dutta-Gupta is scheduled to appear in court in Providence on Tuesday. His lawyer has not responded to requests for comment.