Crime & Safety
Guilty Plea In Nonprofit $366K Embezzlement Case: Feds
A 36-year-old local man stole hundreds of thousands from a Sturbridge nonprofit, according to federal prosecutors.
WORCESTER, MA — A 36-year-old Northborough pleaded guilty Wednesday to wire fraud and money laundering charges in federal court in Worcester in an embezzlement case.
Rick Kapiris stole more than $366,000 from a Sturbridge nonprofit where he worked over about five years, federal prosecutors said. Kapiris set up fake accounts to buy equipment for his employer, but kept the money for himself, prosecutors said.
"Kapiris linked the three vendor accounts to several of his own personal accounts at Bank of America into which he transferred the fraudulent proceeds. Kapiris then used the stolen funds for personal expenses including a $19,250 payment to a home contractor," prosecutors said in a news release.
The wire fraud charges carry sentences of up to 20 years, and the money laundering charges carries a punishment up to 10 years, prosecutors said — plus fines and supervised release. Kapiris will be sentenced in October.