CT resident who hijacked family business convicted
A Connecticut man has been convicted in connection with a scheme to embezzle more than $927,000 from the company where he worked.
Matthew Blackwell, 41, a New Haven County resident of Woodbridge, was sentenced to 21 months in prison followed by two years of supervised release for tax evasion, according to Leonard Boyle, United States Attorney for the District of Connecticut.
He was also ordered to pay a $10,000 fine and perform 120 hours of community service while on probation, Boyle said.
Blackwell was the vice president of operations and a family food company based in Orange, according to the announcement.
Between approximately 2012 and 2016, he created fake purchase orders and invoices and presented them to the company’s comptroller, embezzling a total of $927,143 from the company, the US attorney’s office reported.
The company sent payment checks which Blackwell deposited in a business checking account, and Blackwell transferred the funds to his personal bank accounts, Boyle said.
Blackwell then filed federal tax returns that omitted the misappropriated funds for the 2012 through 2016 tax years, the U.S. attorney’s office reported.
Blackwell pleaded guilty to the tax evasion charge on Thursday, Dec. 9, and is scheduled to report to jail on Thursday, May 5, Boyle said.
Boyle said Blackwell paid his back taxes, but still owed interest and penalties.
Click here to sign up for free daily emails and news alerts from Daily Voice.