Former Elk Grove Man Charged in $2.5 Million Embezzlement Scheme

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2012-12-17

United States Attorney Benjamin B. Wagner announced on Thursday that a federal grand jury returned a 20-count indictment charging Vincent J. Doyle, 53, formerly of Elk Grove, with mail fraud arising out of his embezzlement from his former employer of approximately $2.5 million. Doyle now lives in Syracuse, Indiana.

The indictment alleges that Doyle was the chief financial officer for a civil engineering firm in Sacramento and El Dorado counties. From 2001 until he retired from the firm in 2009, Doyle used his position to write unauthorized checks from the firm’s bank accounts that totaled at least $2.5 million. According to court documents, in order to conceal his fraud, Doyle often entered false payee information into the firm’s checkbook register and opened a Post Office box to receive mail associated with his fraud.

This case is the product of an investigation by the Federal Bureau of Investigation. Assistant United States Attorney Lee S. Bickley is prosecuting the case.

If convicted, Doyle faces a maximum statutory penalty of 20 years in prison and a $250,000 fine or twice the gain. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

The charges are only allegations, and the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

Source: U.S. Attorney’s Office

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