CHICAGO – A former accountant for a Chicago development firm has been sentenced to greater than two years in jail for embezzling over $1.8 million.
What we all know:
Richard A. Mandarino, 46, of Scarborough, Ontario, Canada, pleaded responsible final yr to wire fraud after prosecutors say he submitted false cost requests between 2015 and 2017.
The fraudulent exercise led to checks being issued to vendor firms for items and companies that had been by no means supplied, in accordance with the U.S. Lawyer’s Workplace within the Northern District of Illinois.
Mandarino then redirected these funds for private use — each for himself and others — whereas overlaying his tracks with faux credit and offsets within the firm’s accounting system.
On the time of the fraud, he lived in Canada and labored on the development firm’s Canadian enterprise initiatives.
What they’re saying:
“Defendant engaged in a misleading and calculated scheme in opposition to his employer who trusted him with its funds,” prosecutors wrote in a sentencing memo. “The scheme was advanced and multilayered.”
Mandarino was sentenced to 2 years and two months in jail and ordered to pay greater than $1.8 million in restitution.
The Supply: The data on this article got here from the U.S. Lawyer’s Workplace, Northern District of Illinois.
