The former controller for a Stamford marketing and research firm pleaded guilty in federal court on Thursday to wire fraud charges relating to funds he embezzled from his former employer. Thomas J. Turey, of Norwalk, waived his right to a federal grand jury indictment and pleaded guilty to a wire fraud charge during proceedings before United States Magistrate Judge Holly B. Fitzsimons.
Between August 2005 and January 2013, Turey embezzled approximately $3,452,435 from the company by writing checks to himself or to a fictitious entity in order to cover margin calls on his stock market account. He then deposited these checks into bank accounts that the controlled. According to the FBI, Turey is guilty of making numerous false entries into the books at Rothstein-Tauber Inc. in Stamford, where he was employed, in order to further conceal the scheme. The majority of the embezzled funds were subsequently transferred into Turey’s online brokerage account.
If convicted of these charges, Thomad Turey faces a maximum term of imprisonment of 20 years. He has been out on a $300,000 bond since he was arrested on February 14, 2013 and sentencing is scheduled for August 20th before United States District Judge Janet C. Hall in New Haven.
The investigation is being handled by the Federal Bureau of Investigation and the case is being prosecuted by Assistant United States Attorney Paul A. Murphy.
If you find yourself facing federal fraud charges, it is important to find an experienced federal wire fraud attorney to represent you. The white collar criminal attorneys of Parkman & White, LLC have a history of success in the court room and are ready to represent clients nationwide.
