The former controller for a Stamford market research firm was arrested Thursday on charges he embezzled at least $1.2 million from his employer, authorities say.
Federal prosecutors say Thomas J. Turey, 63, of Norwalk, is charged with wire fraud.
According to investigators, Turey was controller at Rothstein-Tauber Inc. from 1995 until last month, overseeing the firm’s financial records, including its general ledger and bank reconciliations, authorities said.
However, investigators claim that between 2010 and 2012 Turey wrote some 100 checks totaling about $1.2 million to himself from his employer’s principal operating account and deposited the checks into his personal bank account.
The majority of the embezzled funds were subsequently transferred into Turey’s online brokerage account, they said.
The complaint further alleges that Turey has embezzled additional funds from his employer. The investigation is ongoing.
Turey couldn’t be located Thursday for comment.
A woman who answered the phone Thursday at Rothstein-Tauber’s office said the firm’s principal was in a meeting the rest of the day and unavailable to comment.
Turey surrendered to the FBI in Bridgeport. After appearing before a federal magistrate, he was released on a $300,000 bond.
The charge of wire fraud carries a maximum term of imprisonment of 20 years.
