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Mendon Man Sentenced to 30 Months for Fraud and Money Laundering
FEBRUARY 24, 2012

Boston - A Mendon man was sentenced today in federal court for fraud and money laundering in connection with the theft and sale of products from his former employer, Waters Corporation.

Glen Dias, 53, of Mendon, was sentenced by U.S. District Judge F. Dennis Saylor, IV to 18 months in prison, and 12 months of home confinement, to be followed by three years of supervised release and a money judgment and forfeiture in the amount of $1 million. Dias pleaded guilty to a 40 count indictment charging him with conspiracy, mail fraud, wire fraud and money laundering on July 27, 2011.

Had the case proceeded to trial the Government’s evidence would have proven that Dias worked for Waters Corporation in Milford, from 1981 until 2007. Waters is an international company that manufacturers and services laboratory analytical equipment. From in or about 1998 through 2007, Dias knowingly and intentionally defrauded Waters by taking new, used and scrap equipment from the Waters plant and selling it to buyers across the United States, including buyers in Ilinois and Texas, for his own personal gain. Dias engaged in this scheme with the help of others including Kenneth Cucksee, another Waters employee, and Richard Panorese, a friend of Dias. Both Cucksee and Panorese have pleaded guilty to related offenses in connection with their role in the scheme. Dias used the proceeds of his unlawful activities to purchase, among other things, a boat, a trailer and an addition to his home on Cape Cod.

United States Attorney Carmen M. Ortiz; William P. Offord, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation in Boston; Richard DesLauriers, Special Agent in Charge of the Federal Bureau of Investigation - Boston Field Division; and Chief Thomas J. O’Loughlin of the Milford Police Department made the announcement today. The case was prosecuted by Assistant U.S. Attorney Karin M. Bell of Ortiz’s Worcester Branch Office.

 

 

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