United States Attorney
Northern District of Texas

1100 Commerce St., 3rd Fl.
Dallas, Texas 75242-1699

Telephone (214) 659-8600
Fax (214) 767-0978

Former Semi-Conductor Sales Rep
Sentenced to More than Four Years in Federal Prison
on Money Laundering Conviction

United States Attorney Richard B. Roper announced that Roy G. Driscoll was sentenced today by the Honorable Sam A. Lindsay, United States District Judge, to 51 months imprisonment and ordered to pay $1,786,770.21 in restitution, following his guilty plea in October 2005 to one count of money laundering. Driscoll admitted embezzling money from his employer Memec Inc., a semi-conductor distributor, by overcharging a customer, Alcatel USA, and then diverting the refunds to accounts under his control. Judge Lindsay ordered that Driscoll surrender to the Bureau of Prisons on September 5, 2006.

According to documents filed in Court, from February 2001 through early August 2003, Driscoll embezzled funds from Memec, Inc., a semi-conductor distributor located in San Diego, California. Driscoll was employed for most of that time as a sales representative and managed the Alcatel USA sales account. Driscoll admitted that he falsely inflated the resale price of electronic equipment Memec sold to Alcatel which caused overpayments and credits to be due to Alcatel USA. Driscoll then caused Memec employees to wire transfer approximately $1,786,770.21 in credits generated from the overcharging to a Bank of America account in Texas in the name of Roy G. Driscoll, doing business as “Alcatel Asset Recovery.” In January 2001 Driscoll had filed for an assumed name certificate in Collin County, Texas under the name “Alcatel Asset Recovery” and that same day, opened this Bank of America Account. Driscoll then caused bank statements from this account to be mailed to him so that he could monitor funds in the account and withdraw funds for his personal use.

U.S. Attorney Roper, who prosecuted the case, praised the investigative efforts of the Internal Revenue Service - Criminal Investigation and the U.S. Postal Inspection Service.

# # #