A former controller for a Stamford-based market research company pleaded guilty in federal court Thursday to wire fraud charges relating to the embezzlement of more than $3.4 million.
According to the U.S. Attorney's Office, Thomad J. Turey, 64, of Norwalk, pleaded guilty to embezzling approximately $3,462,435 through his responsibilities aggregating the revenue and expense results, managing accounts receivable, performing financial analysis and reporting and overseeing the company's bookkeper.
Turey was charged with siphoning the money by writing checks to himself or a fictitious entity for personal benefit and depositing those funds into accounts he controlled. Numerous false entries were reportedly made on the company's books to attempt to conceal the deeds.
Turey faces up to 20 years in federal prison if convicted of the charges. He has been out on a $300,000 bond since his arrest on February 14, 2013.
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