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Former Staples, Inc. Vice President Charged with Mail Fraud, Wire Fraud & Money Laundering, Reports U.S. Attorney
BOSTON, oct 06 A former vice president of Staples,
Inc.
(“Staples”) was charged late yesterday in federal court with operating
a scheme to defraud Staples in excess of $550,000.United States
Attorney Michael J. Sullivan and Peter Zegarac, Inspector in Charge of
the U.S. Postal Inspection Service in New England, announcedthat JAMES
Y. DORMAN, age 39, formerly of 99 West Main Street, Westborough,
Massachusetts, was charged in an Indictment with eights counts of mail
fraud, three counts of wire fraud, and three counts of money
laundering. According to the Indictment, DORMAN was employed at Staples
as Vice President of Marketing for the Staples Contact Division. It is
alleged that DORMAN engaged in a scheme to defraud Staples by
misappropriating corporate funds for his own benefit as well as the
benefit of three individuals with whom he had a personal
relationship.It is alleged that DORMAN accomplished his fraud scheme by
authorizing and submitting fictitious vendor invoices for which Staples
issued hundreds of thousands of dollars of disbursement checks payable
to the three individuals or to corporate entities ostensibly owned or
operated by them. It is alleged that as a result of his execution of
this scheme, DORMAN embezzled at least $584,826 and attempted to
embezzle at least an additional $600,000.The Indictment further alleges
that DORMAN fraudulently misused and misappropriated travel funds to
pay for both his personal travel as well as travel-related expenses for
the three individuals and their friends. It is alleged that DORMAN also
fraudulently misused his corporate American Express card to pay for
gifts, travel, and other expenditures related to the three individuals
for which he fraudulently sought and received reimbursement by Staples.
According to the Indictment, on at least three occasions, DORMAN
instructed the individuals to re-direct some of the stolen funds that
were derived from the fictitious vendor invoices to him. DORMAN has
been terminated by Staples, Inc. If convicted, DORMAN faces up to 20
years’ imprisonment, to be followed by 3 years of supervised release,
and a $250,000 fine for each mail and wire fraud offense. In addition,
DORMAN faces up to 10 years’ imprisonment, to be followed by 3 years of
supervise release, and a $250,000 fine for each money laundering
offense. The case was investigated by the U.S. Postal Inspection
Service. It is being prosecuted by Assistant U.S. Attorney Linda M.
Ricci in Sullivan’s Economic Crimes Unit.The details contained in the
Indictment are allegations. The defendant is presumed to be innocent
unless and until proven guilty beyond a reasonable doubt in a court of
law.
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