Jeffrey Cinelli of Montgomery also ordered to pay restitution; banned from handling others’ money
SPRINGFIELD, Mass. (WWLP) – The former bookkeeper of a West Springfield company that sells fire suppression systems, has been sentenced to two and a half years in jail for stealing more than $1 million from the company. Jeffrey Cinelli, 51, of Montgomery, was also ordered to make full restitution after pleading guilty Friday to three counts of larceny over $250 and two counts of making false entries in corporate books.
According to a news release sent to 22News by Attorney General Maura Healey’s office, Cinelli stole the money from Massachusetts Fire Technologies through a scheme involving credit card payments. Cinelli, who worked for the company as an accounts payable bookkeeper, would make regular credit card payments for the company from the company bank account. At the same time, however, he would forward a nearly identical amount of money to his personal credit card. He would record both payments together in MFT’s books, and label the portion that went to his personal card as “material expenditure.”
Prosecutors say Cinelli also took cash advances on his personal credit card, which he repaid using company funds. In total, prosecutors say he took $1,022,872.
“This defendant abused his position of trust to steal more than one million dollars for his own personal use, to the detriment of this company and its employees,” Healey said.
The thefts went on from January 2006 through May 2009. The company’s former owner began to suspect the theft following an audit, and contacted West Springfield Police.
In addition to the jail sentence and restitution, Hampden Superior Court Judge Jeffrey Kinder sentenced Cinelli to ten years probation following his release, and he is prohibited from handling other people’s money.
SPRINGFIELD, MA (WGGB/WSHM) –
A former bookkeeper has pleaded guilty to stealing over a million dollars from a West Springfield company.
Jeffrey Cinelli, of Montgomery, manipulated the books of his former employer for three years before he was caught.
Cinelli admitted to stealing over a million dollars from his former employer, Massachusetts Fire Technologies, a business specializing in the sales and services of fire extinguishers and suppression systems.
“It’s been a long road. It’s taken three years to get here finally it’s over,” said David Wolcott.
Cinelli pleaded guilty on three counts of larceny over $250 and two charges of false entry in corporate books.
Judge Jeffrey Kinder sentenced Cinelli to two and a half years at the Hampshire County House of Corrections and ten years probation following the jail term.
During the probation time, Cinelli is barred from managing funds for other people. He’s not allowed to contact Wolcott, who owned the company at the time of the theft
“It’s hard when you have a very good friend and neighbor that we did a lot together and you totally trusted to take $1.5 million from you. He also took it from my employees and my family. There were times I couldn’t give raises because no money in the account because of him taking it,” Wolcott added.
With the money, Cinelli reportedly spent thousands at Costco and other stores, paid for luxury services, purchased high end vehicles, and paid off his own debt.
Now, Cinelli must also pay pack the amount of over $1,022,000 to Wolcott.
Since the theft, Massachusetts Fire Technologies in West Springfield is now in the hands of new owners. CEO James Birchall says the amount of money taken is horrible, but the company is now looking ahead.
“[I] did want to say to our customers and employees and partners that Mass. Fire is a strong company, financially stable, dynamic, and a good place to work,” Birchall added.
Copyright 2015 Western Mass News (Meredith Corporation). All rights reserved.
SPRINGFIELD, Mass. (WWLP) – A former bookkeeper has been indicted by a grand jury for allegedly stealing more than $1 million from a West Springfield company that sells fire extinguishers and fire suppression systems.
Jeffrey Cinelli, 50, of Montgomery was indicted Thursday on five counts of larceny over $250 and four counts of false entry in corporate books.
According to a news release sent to 22News by the office of Attorney General Martha Coakley, Cinelli, who worked as an accounts payable bookkeeper for Massachusetts Fire Technologies, allegedly stole the money through a scheme in which he manipulated the books.
Prosecutors say that Cinelli made required company credit card payments, but then forwarded a nearly identical payment to his personal credit card. He then allegedly listed both payments together under the category of “material expenditures” for the company.
He is also accused of taking numerous cash advances on his credit card, which he paid off using company funds.
Cinelli will be arraigned on March 14 in Hampden Superior Court.
WEST SPRINGFIELD, MA (WSHM) –
After a year and a half of investigating, a former bookkeeper at a West Springfield business has been indicted, accused of stealing more than $1 million from the company.
According to the state Attorney General’s Office, Jeffrey Cinelli, of Montgomery, had been working as a bookkeeper for West Springfield-based Massachusetts Fire Technologies.
Authorities allege he had been funneling money from the company’s accounts to pay his own credit card bills and would then fix the books to hide the theft.
State investigators say the theft happened between January 2006 and May 2009.
Cinelli faces multiple charges and will be arraigned March 14.
Copyright 2014 WSHM (Meredith Corporation). All rights reserved.
Read more: http://www.westernmassnews.com/story/24846563/former-bookkeeper-accused-of-stealing-1-million-from-business#ixzz3dt6B7Da0
Read more: http://www.westernmassnews.com/story/29363715/man-pleads-guilty-to-stealing-over-1m-from-west-springfield-company#ixzz3dt5a8yPu
Western Mass News – WGGB/WSHM