Accountant sentenced in Peterborough theft

Posted in the Fitchburg Forum

karen from da burg

Fitchburg, MA

#1 Aug 30, 2013
CONCORD, N.H.– Bernard R. Mullan, 71, of Leominster, Massachusetts, was sentenced to 30 months in prison in United States District Court for the District of New Hampshire, for embezzling from a New Hampshire company’s pension plan and falsifying an annual report filed with the United States Department of Labor (DOL), announced United States Attorney John P. Kacavas.

Mullan, an accountant and CPA, was a trustee of the employee pension plan for the Peterboro Tool Company, Inc., in West Peterborough, New Hampshire. Over nearly 17 years, Mullan embezzled approximately $476,900.00 from the plan. From 1992 through 1994, he stole approximately $225,000.00 from the plan. He then filed an annual report with the DOL that falsely stated the plan’s true value and falsely overstated its net assets. Mullan also embezzled approximately $251,900.00 from the plan between October of 2007 and early November of 2009.

Last January, Mullan pleaded guilty to embezzlement from the plan and to making false statements on an annual report he filed with the DOL. In addition to sentencing Mullan to 30 months in prison, the court ordered him to serve three years of supervised release when his prison term is completed. Mullan has repaid about $80,000 of the money he stole. The Court also ordered him to repay the balance of the stolen funds totaling $396,622.71.

This case was investigated by the Employee Benefits Security Administration of the Department of Labor and the Office of the Inspector General for the United States Department of Labor. It was prosecuted by Assistant United States Attorney Mark S. Zuckerman.
Jtn

Concord, MA

#2 Aug 30, 2013
Leave him alone,he's a veteran
karen from da burg

Fitchburg, MA

#3 Aug 30, 2013
sorry jtn, I wonder how many veterans he stole from that worked at Peterborough tool company.
Really

Leominster, MA

#4 Aug 30, 2013
jtn says that about everyone. jtn is best ignored, along with Renee and a few other names he uses.

That being said, it is infuriating that not only was it attempted, caught, and prosecuted at, I'm sure, huge expense but at least the embezzled funds are mandated to come back. Why wasn't 1 percent of this effort made with the banking industry when they raped, stole, and then accepted a handout?
Jtn

Concord, MA

#5 Aug 31, 2013
Really wrote:
jtn says that about everyone. jtn is best ignored, along with Renee and a few other names he uses.
That being said, it is infuriating that not only was it attempted, caught, and prosecuted at, I'm sure, huge expense but at least the embezzled funds are mandated to come back. Why wasn't 1 percent of this effort made with the banking industry when they raped, stole, and then accepted a handout?
your obviously not a veteran and a real bitchy one
jimbob

Fitchburg, MA

#6 Sep 1, 2013
Really wrote:
jtn says that about everyone. jtn is best ignored, along with Renee and a few other names he uses.
That being said, it is infuriating that not only was it attempted, caught, and prosecuted at, I'm sure, huge expense but at least the embezzled funds are mandated to come back. Why wasn't 1 percent of this effort made with the banking industry when they raped, stole, and then accepted a handout?
becouse Obama took office, thats why!
Jtn

Concord, MA

#7 Sep 1, 2013
jimbob wrote:
<quoted text>
becouse Obama took office, thats why!
finally someone with some sense.
karen from da burg

Gardner, MA

#8 Sep 2, 2013
Obama actually has done more for this country on the positive side than the negative side.
Jtn

Concord, MA

#9 Sep 2, 2013
karen from da burg wrote:
Obama actually has done more for this country on the positive side than the negative side.
no no no bambam
kim

Fitchburg, MA

#10 Nov 22, 2013
interesting?

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