Former Controller of Stamford Company Admits Embezzling More Than $3.4 Million
|U.S. Attorney’s Office May 23, 2013|
Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced that Thomas J. Turey, 64, of Norwalk, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Holly B. Fitzsimmons in Bridgeport to one count of wire fraud related to his embezzlement of more than $3.4 million.
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 or 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.
Turey is scheduled to be sentenced by United States District Judge Janet C. Hall in New Haven on August 20, 2013, at which time Turey faces a maximum term of imprisonment of 20 years. He has been released on a $300,000 bond since his arrest on February 14, 2013.
This matter is being investigated by the Federal Bureau of Investigation. The case is being prosecuted by Assistant United States Attorney Paul A. Murphy.