Date: May 12, 2022 Contact: firstname.lastname@example.org Vanessa Roberts Avery, United States Attorney for the District of Connecticut, Joleen D. Simpson, Special Agent in Charge of IRS Criminal Investigation in New England, and David Sundberg, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that David McManus, of Granby, waived his right to be indicted and pleaded guilty today in Bridgeport federal court to fraud and tax offenses stemming from his embezzlement of funds from his employer. According to court documents and statements made in court, McManus was the Chief Financial Officer for a Hartford-based company for nearly 14 years. Between 2012 and 2018, McManus embezzled approximately $433,584 from the company by using company funds to pay off his personal credit card expenses, and by issuing reimbursements to himself for personal expenses unrelated to the company. McManus also filed federal income tax returns that omitted the embezzled income for the 2015 through 2018 tax years, resulting in a tax loss of $104,094 to the IRS. McManus pleaded guilty to one count of wire fraud, which carries a maximum term of imprisonment of 20 years, and one count of tax evasion, which carries a maximum term of imprisonment of five years. He is scheduled to be sentenced by U.S. District Judge Sarah A. L. Merriam on August 8. McManus has agreed to pay full restitution to his former employer, as well as all back taxes, interest and penalties. McManus is released on a $50,000 bond pending sentencing. This matter has been investigated by the Internal Revenue Service, Criminal Investigation Division, Federal Bureau of Investigation, and Hartford Police Department. The case is being prosecuted by Assistant U.S. Attorney Margaret Donovan.