Danbury Man Sentenced In $1.1 Million Embezzling Scheme

Danbury CT

13 November, 2020

7:57 AM

Description

DANBURY, CT — A Danbury man who has admitted to embezzling money from his employer has been sentenced to federal prison. Anthiny Teixeira, 51, was sentenced Thursday to 41 months of imprisonment, followed by three years of supervised release, for embezzling $1.1 million from Joseph Merritt & Company. Teixeira ran the printing company's Danbury branch. Teixeira appeared in court via video conference in compliance with coronavirus restrictions. According to court documents and statements made in court, for more than 25 years Teixeira would present customers sales orders, or test sales orders, as though they were actually invoices. Customers, believing they were paying JMC for the work, then delivered payments into accounts that Teixeira controlled. Teixeira also stole printing-related inventory from JMC inventory and sold it online, but manipulated invoices to deceive JMC's systems into thinking the company had sold the inventory, the court determined. Teixeira was arrested on a federal criminal complaint in December 2019, and was subsequently released on a $50,000 bond. He spent more than $48,000 while released on bond, in violation of court-imposed restrictions on his financial activity, and has been detained since June 1, 2020. On July 24, 2020, Teixeira pleaded guilty to one count of wire fraud. A judge has ordered him to make full restitution in an amount that is still to be determined.