September 18, 2012

Saco man gets 2 years for stealing from employer

Joel Bailey admitted writing more than $600,000 in checks to himself and his own technology company from his employer's line of credit.

The Associated Press

PORTLAND — A Saco man has been sentenced to two years in federal prison for stealing more than $600,000 from his employer.

The Bangor Daily News reports that Joel Bailey was also sentenced Monday in U.S. District Court in Portland to three years of probation and ordered to pay full restitution.

Prosecutors say the 33-year-old Bailey stole the money from The Jordan Group between October 2008 and January 2011 while working as a bookkeeper.

Authorities say The Jordan Group opened a line of credit in 2006. Bailey admitted writing checks from that account to himself and his own technology company, forging his boss's signature.

Bailey pleaded guilty in June to wire fraud.

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