SOMERS
MAN PLEADS GUILTY TO DEFRAUDING THE HARTFORD, TAX EVASION
Kevin J. O'Connor,
United States Attorney for the District of Connecticut, announced
that TODD OLYNCIW, 42, of Bobolink Lane, Somers, waived his right
to indictment and pleaded guilty today before United States District
Judge Stefan R. Underhill in Bridgeport to one count of mail fraud
and one count of tax evasion.
According
to documents filed with the Court and statements made in court,
OLYNCIW was employed as a Project Management Manager by The Hartford
Insurance Company ("The Hartford") and was responsible
for managing office renovations, including the removal and installation
of furniture and flooring at The Hartford's facilities. In pleading
guilty, OLYNCIW admitted that, from approximately 1998 through July
2005, he conspired with other individuals to defraud The Hartford.
OLYNCIW admitted that he received substantial illegal kickbacks
for misappropriating and unlawfully transferring to two individuals
and six entities furniture that was owned by The Hartford, and also
in exchange for directing business from The Hartford to the individuals
and entities.
In total,
The Hartford lost $876,437 as a result of the scheme, and OLYNCIW
received more than $395,720 in illegal kickbacks. OLYNCIW also failed
to report these kickbacks on his personal income tax returns for
taxable years 2000 through 2005.
Judge Underhill
has scheduled sentencing for March 24, 2008, at which time OLYNCIW
faces a maximum term of imprisonment of 25 years. OLYNCIW also must
pay to the Internal Revenue Service back taxes in the amount of
$88,607, plus penalties and interest.
This case
was investigated by the Federal Bureau of Investigation and the
Internal Revenue Service - Criminal Investigation Division. The
Hartford Insurance Company assisted the investigation. The case
is being prosecuted by Assistant United States Attorney Geoffrey
M. Stone.
CONTACT:
U.S. ATTORNEY'S OFFICE
Tom Carson
(203) 821-3722
thomas.carson@usdoj.gov
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