BOSTON – Former Massachusetts State Representative David M. Nangle pleaded guilty to embezzling campaign funds, bank fraud, and tax fraud in a Boston federal court.
Nangle, 60, of Lowell, pleaded guilty to 10 counts of wire fraud, four counts of bank fraud, four counts of making false statements to a bank, and five counts of filing false tax returns. U.S. Senior District Court Judge Rya W. Zobel scheduled sentencing for June 24, 2021.
The charges against Nangle include using campaign funds to pay for personal expenses, including thousands of dollars in gift cards for his personal use, dues at a local golf club, rental cars to travel to casinos, flowers for his girlfriend, gas, hotels, and restaurants.
Nangle also devised a scheme to fraudulently obtain loans from a bank to finance the purchase of his home, fund his gambling activities, and repay his personal debts. He made false statements on multiple loan applications, misstating his income and understating his debt.
Additionally, Nangle filed false tax returns for tax years 2014 to 2018 by reporting fictitious business deductions for purported ‘consulting’ work that he did for a Billerica company. He also double dipped on deductible expenses arising from his work as a state legislator, fraudulently claiming thousands of dollars in false deductions for alleged charitable donations and misleading his tax preparer.
Nangle was arrested and charged in February 2020. He faces a sentence of up to 20 years in prison and fines of up to $500,000 for each wire fraud count, as well as up to 30 years in prison and fines of up to $1 million for each bank fraud count.
The case is being prosecuted by the U.S. Attorney’s Office in Boston. Nangle’s guilty plea is a result of an investigation by the FBI and the IRS-Criminal Investigation Division.
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Key Facts
- State: Massachusetts
- Category: Public Corruption|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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