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April 5, 2014

Seabrook man indicted for stealing $341,000

WOBURN – Ian Donovan, 39, of Seabrook N.H. has been indicted by a Middlesex Grand Jury on charges he allegedly stole more than $341,000 from his former employer, according to Middlesex District Attorney Marian Ryan.

Donovan is charged with larceny over $250 (seven counts), false entry into corporate books (seven counts), and money laundering (four counts).

An arraignment date in Middlesex Superior Court has not yet been scheduled.

“This defendant developed a scheme to steal from his employer, including by making false records in the names of the other employees,” said Ryan in a statement. “This type of fraud is not a victimless crime; it affects businesses, honest employees, and customers.”

According to authorities, while working in the accounting department at Puma North America in Westford, Donovan devised a scheme where he manipulated expense reports to steal money from the company. It is alleged that between November 2012 and June 2013, Donovan improperly created and approved numerous expense reports in the names of other employees. He allegedly abused his access to the company’s systems and configured payments made to those employees to be deposited directly into his own personal bank account.

After receiving stolen funds, it is alleged that Donovan engaged in transactions to conceal the origin of the stolen money. Prosecutors alleged that he used the stolen money to buy a 2013 Jeep Grand Cherokee and also to pay for travel, jewelry, and purchases at the Apple iTunes Store.

The theft was discovered by Puma accountants after Donovan had no longer worked for the company. Puma contacted officials and a criminal investigation was launched.

The case was investigated by Massachusetts State Police assigned to the Middlesex District Attorney’s Office. It is being prosecuted by Assistant District Attorneys Elisha Willis and Graham Van Epps of the Special Investigations Unit.

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