Tuesday, February 23, 2010
Former Massachusetts Construction Exec Charged In $3 Million Embezzlement Scheme
George Papadopoulos, 48, of Medford, Massachusetts, was charged today with operating an elaborate scheme to embezzle $3 million from URS Corp., a global construction management company, where he had served as a vice president. According to prosecutors, from 2004 to 2008, Papadopoulos fraudulently billed millions in expenses to the company to pay for a lavish lifestyle and more than half a million dollars in home improvements. The complaint alleges he submitted more than 250 fraudulent expense reports to his employer for reimbursement. Specifically, Papadopoulos was charged with four counts of larceny over $250 and procurement fraud. Following his termination from URS last year, Papadopoulos was hired by STV Corp. in White Plains, New York and was reimbursed to relocate there. Prosecutors allege he submitted two fraudulent expense reports to STV for relocation expenses.