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Justice News

Department of Justice
U.S. Attorney’s Office
District of Connecticut

FOR IMMEDIATE RELEASE
Thursday, June 22, 2017

Wethersfield Woman Sentenced to 2 Years in Prison for Stealing $1.7 Million from Computer Software Company

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that PENNY ROY, 46, of Wethersfield, was sentenced today by U.S. District Judge Jeffrey A. Meyer in New Haven to 24 months of imprisonment, followed by three years of supervised release, for stealing $1.7 million from her former employer, a Connecticut-based computer software company. ROY also failed to pay taxes on the stolen funds.

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 other employees’ names with the payments flowing into her own bank account. In total, ROY stole $1.7 million and was fired after the company discovered her fake payments.

To hide her theft, ROY failed to declare the stolen money on her tax returns, depriving the Internal Revenue Service of over $600,000 in tax revenues. As part of her sentence, ROY was ordered to make full restitution to the software company and the Internal Revenue Service.

On August 21, 2015, ROY pleaded guilty to wire fraud and tax charges.

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

Topic(s): 
Financial Fraud
Tax
Component(s): 
Updated June 26, 2017