Milford Man Embezzled Over $1M From Local Companies: DA

WOBURN, MA — A Milford man was arraigned on Monday after he embezzled over $1.3 million to pay for his slot machine habit, authorities said. Antonis Mallios, 43, worked for both Framingham sound engineering company, SVA and the Child Health Center in Methuen as a part time accountant and bookkeeper since 2011 and stole over $1.3 million from the companies between 2014 to 2018, according to Middlesex District Attorney Marian Ryan.

Mallios was charged with ten counts of larceny over $1,200, two counts of false entry into corporate books and one count of being a common and notorious thief in connection with the alleged embezzlement of over $1 million from the two separate employers.

Mallios was caught when SVA noticed money was missing from their accounts and took a closer look. They found that Mallios been creating and issuing checks payable to himself from the business bank accounts, according to the DA. It is estimated that he embezzled over $860,000 from the Framingham company.

SVA contacted the Child Health Center once they found out about the missing money to alert them and the Methuen company found that Mallios had stolen over $470,000 from them, according to the DA.

Throughout the time of the embezzlements, the DA said Mallios was a frequent gambler and lost over a million dollars playing slot machines.

Investigators found that Mallios tried to cover his tracks by making false entries into the businesses' books, records, journals and QuickBooks, the DA said.

The DA warned that due to the repetitive nature of the allegations and the nature of Mallios' profession, it is possible that there may be other victims. Anyone who suspects they may have been a victim of a similar crime should contact Framingham Police at (508) 872-1212.