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What you need to know for 07/20/2017

Gansevoort man gets five years for $3M theft from employer

Gansevoort man gets five years for $3M theft from employer

A Gansevoort man was sentenced Thursday to more than five years in federal prison after admitting he

A Gansevoort man was sentenced Thursday to more than five years in federal prison after admitting he took more than $3 million from the telecommunications company where he worked as a supervisor, prosecutors said.

Craig Matuszak, 49, was sentenced in U.S. District Court to 63 months behind bars, plus three years of supervised release, for his guilty plea to mail fraud. He also was ordered to pay more than $3.2 million in restitution to his former employer, Velocitel, Inc., and more than $400,000 to the Internal Revenue Service.

Matuszak admitted he and an independent contractor worked together to submit invoices for services that were never provided. Matuszak then pocketed that money and didn’t report the income to the IRS over a span of three years, from February 2006 to February 2009.

Velocitel was contracted by AT&T to upgrade, build and decommission cellphone towers in New York and Michigan, according to the federal plea agreement. Matuszak and his subcontractor accomplice ran the company’s Syracuse operations. A second accomplice set up a separate company to take the payments.

As part of his plea agreement, Matuszak also forfeited a 2007 Cadillac Escalade, a 2008 Chevrolet Tahoe and property in Moreau.

The prosecution resulted from a joint investigation by the IRS and FBI. The case was prosecuted by Assistant U.S. Attorney Tamara B. Thomson.

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