A Hinsdale man pleaded guilty on July 14 to embezzling nearly $345,000 from his employer, according to U.S. Attorney Erin Creegan.
Michael Darcy, 49, admitted guilt to five counts of bank fraud before U.S. District Judge Steven J. McAuliffe. Sentencing is scheduled for October 28.
According to court documents, Darcy was the Operations Manager at his company and had access to the company checkbook. Beginning in December 2019 and continuing through December 2024, Darcy forged the owner’s signature on dozens of unauthorized checks drawn from the company’s bank account. He concealed these payments by entering them under false headings in accounting records and sometimes listing false entries in the memo line of checks. In total, Darcy embezzled $344,874.47 from his employer.
The charges carry a potential sentence of up to 30 years in prison, up to three years of supervised release, and a fine of up to $1 million. Sentences are determined by a federal district court judge based on U.S. Sentencing Guidelines and relevant statutes.
The investigation was led by the Hinsdale Police Department, Federal Bureau of Investigation (FBI), and Internal Revenue Service Criminal Investigations division. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.
The U.S. Attorney’s Office for the District of New Hampshire enhances community well-being by enforcing federal laws and safeguarding residents; it also functions under the United States Attorney General’s direction while handling prosecutions of federal crimes and civil cases involving the government. It serves New Hampshire through federal court representation and builds alliances with law enforcement agencies at all levels as well as community members; it is a federal law enforcement entity, according to the official website.