Wednesday, May 16, 2012

Connecticut Man Pleads Guilty To Embezzling $348K From Non-Profit

William J. Lavimoniere, 51, of Plainfield, Connecticut, has pleaded guilty to embezzling more than $348,000 from Project Genesis, Inc., a local non-profit that assists individuals with disabilities, where he had served as Chief Financial Officer.  According to authorities, over a period of more than 3 years, from June 2008 to September 2011, Lavimoniere siphoned funds from the agency by manipulating the payroll system and pocketing salaries from previously terminated employees.  He is reported to  have spent the money on personal expenses as well as travel, entertainment and home improvements.  Lavimoniere reportedly owes nearly $300,000 in back taxes, according to the IRS.  Specifically, Lavimoniere pleaded guilty to one count of wire fraud, one count of failure to file a tax return and one count of aiding or assisting in the filing of a false tax return.  He is scheduled to be sentenced on August 1, 2012.

Read the story here.

Read the DOJ announcement here.

Update (10/10/12): Lavimoniere was sentenced to 33 months in prison and ordered to pay full restutition.

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