Former office manager of Boston dental practice sentenced for bank fraud, identity theft and tax fraud

 

Date: November 18, 2020

Contact: newsroom@ci.irs.gov

Boston, MA – The former office manager of a Boston-based dental practice was sentenced yesterday in federal court in Boston for bank fraud and tax fraud stemming from her embezzlement of funds from her former employer, announced Joleen Simpson, Acting Special Agent in Charge of the Internal Revenue Service's Criminal Investigations in Boston.

Yuliya Vaysglus, aka Julia Vaysglus, formerly of Hopkinton and now residing in Campbell, Calif., was sentenced by U.S. Senior District Court Judge Mark L. Wolf to 41 months in prison and three years of supervised release. In June 2020, Vaysglus pleaded guilty to eight counts of bank fraud, one count of aggravated identity theft and three counts of filing false tax returns.

From 2009 until she was terminated in February 2015, Vaysglus was the office manager of a Boston-area dental practice where her duties included tracking client invoices, depositing insurance payments into the practice's bank account, and recording those deposits for accounting purposes. Between 2009 and December 2014, Vaysglus embezzled more than $348,000 from the dental practice by diverting to herself at least 276 checks from various insurance companies for services rendered to patients. As part of the scheme, Vaysglus made the checks payable to herself, forged the signature of the dental firm's owner on the checks, and deposited them into her bank account. Vaysglus failed to report the embezzled funds on her federal tax returns.

Assistant U.S. Attorneys Sara M. Bloom and Victor A. Wild of Lelling's Securities, Financial & Cyber Fraud Unit prosecuted the case.