Feds: Granby man pleads guilty to embezzling $430,000 from employer in Hartford

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Ned Gerard / Hearst Connecticut Media

A Granby man pleaded guilty Thursday after he embezzled about $430,000 from his employer, according to federal prosecutors.

David McManus, 56, was the chief financial officer for a Hartford-based company for nearly 14 years. For about four of those years, from 2012 to 2018, prosecutors said he used company funds to pay off his personal credit card expenses and issued reimbursements to himself for personal expenses unrelated to the company.

In all, he embezzled $433,584, according to Vanessa Roberts Avery, the United States attorney for the District of Connecticut.

McManus also filed federal income tax returns that left out the embezzled income for the 2015 through 2018 tax years, resulting in a tax loss of $104,094 to the Internal Revenue Service.

McManus pleaded guilty in Bridgeport federal court Thursday to wire fraud, which carries up to a 20-year prison term, and tax evasion, which carries up to a five-year prison term. He is scheduled to be sentenced on Aug. 8, according to the U.S. Attorney’s Office.

The U.S. Attorney’s Office said McManus has agreed to pay full restitution to his former employer, as well as all his back taxes, interest and penalties.

He is currently released on $50,000 bond pending sentencing.