Wrentham Woman Sentenced to Prison for Stealing $2.6 Million from Her Employer
Former Office Manager of Plainville Company Convicted of Larceny
DEDHAM – A Wrentham woman has been sentenced to three to four years in state prison for stealing more than $2.6 million from a Plainville company where she was formerly employed, Attorney General Maura Healey announced today.
Laurieann Richard, age 40, of Wrentham, was sentenced today in Norfolk Superior Court after pleading guilty to the charges of Larceny over $250 (11 counts) and False Entries in Corporate Books on July 8, 2015. Judge Robert Cosgrove today sentenced Richard to three to four years in state prison, with 10 years of probation to serve upon her release. Restitution will be determined at a later date.
“This defendant abused her accounting position within a medical device company to steal millions of dollars for her own personal use,” said AG Healey. “Crimes like this victimize the companies that are stolen from and their employees.”
Richard stole more than $2.6 million from Dale Medical, Inc. (Dale Medical) in Plainville between July 2007 and April 2014 by making unauthorized charges to corporate credit cards.
Richard was arrested at her residence in Wrentham in June 2014 by Massachusetts Police assigned to the AG’s Office. She was indicted by a Norfolk County Grand Jury in October 2014.
The case was the result of an investigation referred to the AG’s Office by Dale Medical when it was discovered that its employee, Richard, stole from the company through corporate credit card cash advances and other retail purchases.
During her time at Dale Medical, Richard managed the company’s accounts payable processes as well as the disbursement, management and payment of corporate credit cards to employees around the country.
Between July 2007 and April 2014, Richard used an unauthorized American Express corporate account in Dale Medical’s name to spend more than $918,000 on retail purchases and personal travel expenses, including at local stores in the Wrentham area like Lowe’s, Cardi’s and Best Buy and purchases from Amazon and several other online retailers. The credit card was also used to make more than $9,000 in payments on her Jeep from March 2011 to June 2013.
Richard also opened an unauthorized MasterCard account and incurred nearly $217,000 of fraudulent charges on that card.
In another scheme, Richard used her knowledge of Dale Medical’s corporate credit accounts to obtain more than $760,000 in cash advances between August 2011 and April 2014. Richard used the accounts in the names of other employees to make these transactions.
Similarly, Richard used a Dale Medical corporate credit account in the name of another employee to make retail purchases and cash advances worth more than $750,000 between January 2008 and July 2011.
Investigation revealed that Richard entered false breakdowns of credit card usage in Dale Medical’s accounting system in an attempt to cover up her theft.
The case was prosecuted by Assistant Attorney General Edward Beagan, Chief of the AG’s Fraud and Financial Crimes Division. It was investigated by Massachusetts State Police assigned to the AG’s Office, the AG’s Financial Investigations Division and the AG’s Digital Evidence Lab.