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.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.
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As a former employee of STV, I was there when he was hired to run the CM division. I was always suspicious of this person. His flashy suits and loud ties, which he repeatedly bragged "cost more than my salary" and his persona of never looking you in the eye, and shirking questions about why he left URS were certainly red flags. The real icing was when he abruptly pulled the plug on pursuing two major clients - Harvard and MassPort, worth billions in long term revenues. His reason that "they don't have any work" and "don't pay" and will be "money losers" were unreasonable. When I dug deeper into the dialogue, he abruptly had me fired. Now the chickens have come to roost, and his fraud is uncovered. Makes one wonder about the extent of STV's background check's, and the competence of their leadership, doesn't it?
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