News and Press Releases

NEW JERSEY MAN WHO EMBEZZLED FROM
GREENWICH PRIVATE EQUITY FIRM IS SENTENCED

FOR IMMEDIATE RELEASE
February 22, 2012

David B. Fein, United States Attorney for the District of Connecticut, announced that CHARLES BRADLEY SIMPSON, 34, of Wyckoff, N.J., was sentenced today by United States District Judge Vanessa L. Bryant in Hartford to six months of imprisonment, followed by six months of home confinement and two years of supervised release, for embezzling approximately $85,000 from his Connecticut employer.

According to court documents and statements made in court, SIMPSON worked as the controller for a private equity firm in Greenwich, Conn.  In his role as controller, SIMPSON was responsible for overseeing the company’s payroll functions.  On approximately 40 occasions between January 2008 and April 2010, SIMPSON accessed the company’s Internet-based payroll service provider’s computer network and added amounts to be paid to him purportedly as reimbursement for expenses when, in fact, he had never incurred those expenses.  Through this scheme, SIMPSON embezzled $85,207.55.

As part of his sentence, SIMPSON is required to pay restitution in the total amount of $105,107.55 to the victim company and its insurer.  The amount includes $19,900 in costs incurred by the victim company during the investigation of this matter.

On August 3, 2011, SIMPSON pleaded guilty to one count wire fraud.

This case was investigated by the Connecticut Financial Crimes Task Force, notably the United States Secret Service and the Greenwich Police Department.  The Task Force also includes members of the United States Postal Inspection Service; the United States Department of State, Bureau of Diplomatic Security; the Connecticut State Police; and the Glastonbury, Hartford, New Haven and Shelton Police Departments.

The case was prosecuted by Assistant United States Attorney Paul Murphy.

PUBLIC AFFAIRS CONTACT:

U.S. ATTORNEY'S OFFICE
Tom Carson
(203) 821-3722
thomas.carson@usdoj.gov

 

 

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