Wethersfield Woman Admits Stealing $1.7 Million from Computer Software Company

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that PENNY ROY, 44, of Wethersfield, pleaded guilty today before U.S. Magistrate Judge Joan G. Margolis in New Haven to tax and wire fraud charges stemming from her theft of nearly $1.7 million from a Connecticut-based computer software company.

According to court documents and statements made in court, ROY used her position as the software company’s payroll manager to insert her own bank account information into the profiles of other employees.  She then processed fraudulent expense reimbursements and payroll payments in the other employees’ names, with the payments flowing into her own bank account.  ROY was fired after the company discovered fake expense reimbursements she had processed in her own name.  In all, ROY stole almost $1.7 million.  To hide her theft, ROY failed to declare the stolen money on her tax returns, depriving the Internal Revenue Service of just under $500,000 in tax revenues.

ROY is scheduled to be sentenced by Senior U.S. District Judge Warren W. Eginton in Bridgeport on November 17, 2015, at which time she faces a maximum term of imprisonment of 23 years.

This matter is being investigated by the Federal Bureau of Investigation and the Internal Revenue Service - Criminal Investigation Division.  The case is being prosecuted by Assistant U.S. Attorney Avi M. Perry.