For Immediate Release - December 14, 2009

Attorney General Martha Coakley's Office Announces Arrest and Arraignment of Medford Man for Allegedly Stealing Millions of Dollars from Former Employer

BOSTON - Today, a Medford man was arraigned in connection with allegedly stealing millions of dollars from his former employer. George Papadopoulos, age 48, is charged with Larceny over $250 by Single Scheme. Papadopoulos was arrested on Saturday at his residence in Medford by Massachusetts State Police assigned to the Attorney General's Office. He was arraigned today in Boston Municipal Court where he entered a plea of not guilty and was ordered held on $25,000 bail by Judge David Poole. In the event that Papadopoulos posts bail, Judge Poole ordered him to surrender all passports, submit to electronic bracelet monitoring and remain in his house from 12:00 a.m. to 6:00 a.m. Papadopoulos also cannot leave the state without the court's permission, and he must report in person to the Department of Probation every two weeks.

In May 2009, the Attorney General's Office began investigating Papadopoulos's alleged activities. Papadopoulos worked at a large construction management company in the Greater Boston area, and was a vice president from 2007 until his departure in January 2009. Authorities allege that during a four-year period between 2004 through 2008, Papadopoulos regularly submitted requests for expense reimbursements to his employer. He certified that each of these reimbursements was for legitimate business expenses that he had incurred. However, investigators discovered that Papadopoulos routinely submitted reimbursement requests that contained fake receipts, invoices, and correspondence. The company relied on Papadopoulos's alleged fraudulent documentation and paid him several million dollars in reimbursements.

This weekend authorities arrested Papadopoulos in Medford. Today, he was arraigned in Boston Municipal Court where he pled not guilty and was held on $25,000 bail. He is scheduled to appear in court on January 15, 2010, for a status conference.

The case is being prosecuted by Assistant Attorney Generals David Waterfall and Marc Jones of Attorney General Coakley's Corruption and Fraud Division and was investigated by Financial Investigators Mark Pulli and James McFadden, along with assistance from the State Police assigned to the Attorney General's Office.