United States Attorney Joshua S. Levy | U.S. Department of Justice
A Canadian man has been sentenced in a Boston federal district court for embezzling over $1.4 million from his employer and its clients. Adil Rahman, 36, from Ontario, Canada, received a 20-month prison sentence followed by two years of supervised release. Additionally, he must pay restitution amounting to $1,473,909.50. Rahman pleaded guilty to one count of wire fraud in September 2024 after being charged in July 2024.
Rahman was employed as a credit analyst for Company A, a subsidiary of an electrical distribution and services company based in Pittsburgh, Pennsylvania. His role involved interacting with clients regarding invoices for the company's services. Between November 2022 and December 2023, Rahman redirected payments meant for Company A into his personal bank account through ACH transfers.
An example of this fraudulent activity occurred in November 2022 when Rahman contacted the accounts payable department at Company B, a nonprofit municipal corporation based in Hartford, Connecticut. He suggested that Company B pay future invoices via ACH transfer instead of checks. After Company B agreed, Rahman provided his personal banking details under the pretense that it was for Company A's payments. Consequently, Company B made at least 15 ACH transfers to Rahman's account between December 2022 and June 2023.
Similarly, in May 2023, Rahman approached the accounts payable department at Company C, a corporate security systems provider based in Andover, Massachusetts. Again offering ACH transfer as an option for invoice payment and providing his own bank information led to Company C making 11 transfers to his account between May and July 2023.
The scheme resulted in defrauding more than $1.4 million from Company A and its clients.
The announcement was made by United States Attorney Joshua S. Levy along with Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigations' Boston Division. The case was prosecuted by Assistant U.S. Attorney Benjamin Saltzman from the Securities, Financial & Cyber Fraud Unit.
