A Granby man pleads guilty to fraud and tax evasion offenses stemming from an embezzlement scheme | USAO-CT


Vanessa Roberts Avery, United States Attorney for the District of Connecticut, Joleen D. Simpson, Special Agent in Charge of IRS Criminal Investigations in New England, and David Sundberg, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that DAVID McMANUS, 56, of Granby, waived his right to be charged and pleaded guilty today in Bridgeport Federal Court to fraud and tax offenses arising from his embezzlement of funds from his employer.

According to court documents and statements made in court, McManus served as the chief financial officer of a Hartford-based company for nearly 14 years. Between 2012 and 2018, McManus embezzled approximately $433,584 from the company by using company funds to pay for his personal credit card expenses and reimbursing himself for non-business related personal expenses.

McManus also filed federal tax returns that omitted diverted income for the 2015 through 2018 tax years, resulting in a $104,094 tax loss to the IRS.

McManus pleaded guilty to one count of wire fraud, which carries a maximum prison sentence of 20 years, and one count of tax evasion, which carries a maximum prison sentence of five years. He is expected to be sentenced by U.S. District Judge Sarah AL Merriam on August 8.

McManus agreed to pay full restitution to his former employer, along with all back taxes, interest and penalties.

McManus is released on $50,000 bond pending sentencing.

This case was investigated by the Internal Revenue Service, the Criminal Investigation Division, the Federal Bureau of Investigation and the Hartford Police Department. The case is being prosecuted by Assistant US Attorney Margaret Donovan.

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