Pittston Man Pleads Guilty to Theft of Federal Pension Funds
Contact: Gail Malone
Assistant U.S. Attorney
Tel: (207) 945-0373
Bangor, Maine: United States Attorney Thomas E. Delahanty II announced that Gerald
E. Bailey, 68, of Pittston, Maine pled guilty today in U.S. District Court in Bangor to theft of
According to court records, Bailey retired from Springfield Rail Terminal in 2004 and
began receiving a federal pension from the Railroad Retirement Board. Bailey understood that if
he returned to railroad work, he would be ineligible to continue receiving the pension. From
September 2007 until November 2010, Bailey worked for Maine Central Railroad, completing
time cards and receiving pay checks under another person’s name to avoid detection. He never
informed the Railroad Retirement Board that he returned to work. During the period he worked
for Maine Central, Bailey received $83,398 in pension funds to which he was not entitled.
Bailey faces a sentence of up to 10 years of imprisonment, three years of supervised
release and a $250,000 fine. He will be sentenced after the completion of a presentence
investigation report by the United States Probation Office.
The investigation was conducted by the Railroad Retirement Board, Office of Inspector
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