April 24, 2013

Maine man pleads guilty to pension fraud

The Associated Press

BANGOR — A Pittston man has pleaded guilty to theft of more than $83,000 in federal pension funds by continuing to receive retirement payments even after he returned to work.

Federal prosecutors say 68-year-old Gerald E. Bailey pleaded guilty Tuesday.

Authorities say Bailey retired from Springfield Terminal Railway in 2004, began receiving his pension, then returned to work for Maine Eastern Railroad from 2007 to 2010. To avoid detection, Bailey used another person's name and Social Security number on his time cards.

He received $83,398 in pension funds that he was not entitled to receive.

Bailey faces up to 10 years in prison and a $250,000 fine at sentencing.

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