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Press Release

Partner In Liquor Store Businesses Sentenced To 21 Months In Prison For Embezzling More Than $300,000

For Immediate Release
U.S. Attorney's Office, District of Connecticut

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that PETER TURNER, 58, of Burlington, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 21 months of imprisonment, followed by three years of supervised release, for embezzling more than $300,000.

According to court documents and statements made in court, TURNER was the managing partner of Two Buck Ring, LLC, a nine-member LLC that is the majority stake holder of The Bridge Fine Wine Spirits & Beer in New Milford.  He also was a member of Spirited Endeavor, LLC, a 13-member LLC that does business as Town Line Fine Wine, Spirits & Beer in Stratford.  As managing partner of Two Buck Ring (“TBR”), TURNER was responsible for the day-to-day operation of The Bridge Fine Wine Spirits & Beer and had access to the TBR business accounts.

Between November 2010 and February 2012, TURNER, without the authority of other TBR members, wrote numerous checks from the TBR business accounts to himself and used the money for various personal expenses.  TURNER also prepared and disseminated to investors a fraudulent ledger in an effort to conceal his fraud.

Through this scheme, TURNER embezzled approximately $322,500.

TURNER was ordered to make full restitution.

On November 1, 2013, TURNER pleaded guilty to one count of wire fraud.

This investigation was conducted by the Connecticut Financial Crimes Task Force, which includes members of the U.S. Secret Service, U.S. Postal Inspection Service, U.S. Department of State, Bureau of Diplomatic Security, Internal Revenue Service – Criminal Investigation Division, Connecticut State Police, and the Greenwich, Hartford, Stamford, Shelton and Stratford Police Departments.  U.S. Attorney Daly specifically recognized the efforts of the Greenwich Police Department for its assistance in the investigation and prosecution of this matter.

This case was prosecuted by Assistant U.S. Attorney Douglas P. Morabito.


Tom Carson
(203) 821-3722

Updated March 18, 2015