Grand Jury Indicts Former Larchmont CFO On Fraud Charges

WHITE PLAINS, N.Y. -- A grand jury has indicted Gregg Pierleoni, a former Chief Financial Officer of a Westchester-based moving company, on mail and wire fraud charges after he allegedly embezzled $5.7 million over a six-year period while working for the company, law enforcement officials said.

A former CFO of Westchester-based company is being charged with wire and mail fraud.
Photo Credit: *Wikimedia Commons*

by Eric Gendron

01/02/2014 1:00 p.m.

According to a U.S. District Attorney release, Pierleoni moved funds from Larchmont's Collins Brothers Moving Corp.'s operating account to other accounts held by the moving company and a related entity. He then wrote checks from those other accounts to pay his personal American Express bills, the news release said.

He used the funds he embezzled to pay for collectible items, sports memorabilia, airline tickets and other travel expenses, artwork, tickets to sporting events and meals in restaurants, the district attorney said.

Pierleoni, 59, of New Fairfield, Conn., faces maximum sentences of 20 years imprisonment on the mail fraud count and 20 years imprisonment on the wire fraud count.

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