Controller of Stamford Company Sentenced to 54 Months in Prison for Embezzling More Than $3.4 Million
|U.S. Attorney’s Office August 21, 2013|
Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, today announced that Thomas J. Turey, 64, of Norwalk, was sentenced yesterday by United States District Judge Janet C. Hall in New Haven to 54 months of imprisonment, followed by three years of supervised release, for embezzling more than $3.4 million from his employer.
According to court documents and statements made in court, Turey served as the controller for a market research company located in Stamford. As controller, Turey’s responsibilities included aggregating the company’s monthly revenue and expense results, managing the company’s accounts receivable, performing financial analysis and reporting, and overseeing the company’s bookkeeper. Turey also was responsible for the company’s general ledger and was in charge of conducting the company’s bank reconciliations. Between August 2005 and January 2013, Turey embezzled approximately $3,462,435 from the company by writing checks to himself and to a fictitious entity for his personal benefit and depositing those funds into bank accounts he controlled. Turey made numerous false entries in the company’s books and records to conceal this scheme.
The majority of the embezzled funds were subsequently transferred into Turey’s online brokerage account.
On May 23, 2013, Turey pleaded guilty to one count of wire fraud.
Judge Hall ordered Turey to pay full restitution to the victim company.
This matter was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant United States Attorney Paul A. Murphy.