Feds: Granby man pleads guilty to fraud related to Hartford company

A Granby man waived his right to be indicted and pleaded guilty Thursday in federal court to fraud and tax offenses stemming from his embezzlement of funds from his employer, according to federal authorities.

David Mcmanus, 56, who is free on $50,000 bond pending sentencing, agreed to pay full restitution to his former employer, as well as back taxes, interest and penalties, according to federal authorities.

Mcmanus was the chief financial officer for a Hartford-based company for nearly 14 years, federal authorities said in a statement, citing court documents and statements made in court.

Mcmanus embezzled approximately $433,584 from the company between 2012 and 2018, “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,” federal authorities said in the statement, “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 up to 20 years in prison, and one count of tax evasion, which carries a maximum term of up to 5 years in prison, the statement said.

Mcmanus is scheduled to be sentenced by U.S. District Judge Sarah A. L. Merriam on Aug. 8.