A Norwalk man was arrested Thursday on federal charges that he allegedly embezzled $1.2 million from the Stamford-based company he worked for, according to a news release by U.S. States Attorney David B. Fein.
Thomas J. Turey, 63, according to the criminal complaint, allegedly wrote approximately 100 checks totaling approximately $1.2 million to himself from his employer’s principal operating account and deposited the checks into his personal bank account between 2010 and 2012. The majority of the embezzled funds were then subsequently transferred into Turey's online brokerage account, according to Fein.
As controller of the company, Turey's responsibilities included aggregating the company’s monthly revenue and expense results, managing the company’s accounts receivable, performing financial analysis and reporting and overseeing the company’s bookkeeper, according to Fein. He also was responsible for the company’s general ledger and was in charge of conducting the company’s bank reconciliations. Turey had worked for the market research company from 1995 until last month.
Turrey surrendered to the FBI in Bridgeport on Thursday, appeared before a judge and was released on a $300,000 bond. According to Fein, the charge of wire fraud carries a maximum term of imprisonment of 20 years.