Erie CFO Accused of Bank Fraud, Tax Evasion

ERIE, Pa. – Brian M. Quimby, 46, of Erie, Pennsylvania, is facing serious federal charges after being indicted by a grand jury this week. The former Chief Financial Officer of Thayer Power and Communications is accused of defrauding Key Bank and failing to meet his tax obligations, according to U.S. Attorney David J. Hickton.

The two-count indictment details allegations of mail fraud, suggesting Quimby engaged in a scheme to illegally obtain funds from Key Bank while holding a position of financial trust at Thayer Power and Communications. The specific details of the alleged fraud haven’t been released, but the charges carry significant weight.

Beyond the bank fraud accusation, Quimby is also charged with failing to file a federal income tax return for the calendar year 2007. This isn’t a simple oversight; it’s a deliberate attempt to evade his legal responsibilities, prosecutors claim. The IRS Criminal Investigation division played a key role in uncovering this aspect of the case.

If convicted on both counts, Quimby could face a maximum total sentence of 35 years behind bars. The penalty doesn’t stop there – he could also be slapped with a hefty fine of $1,250,000. However, the actual sentence will be determined by Federal Sentencing Guidelines, taking into account the severity of the crimes and Quimby’s potential criminal history.

Assistant United States Attorney Christian A. Trabold is leading the prosecution, building the government’s case against Quimby. The investigation, a joint effort between the Internal Revenue Service, Criminal Investigation, and the Federal Bureau of Investigation, suggests a thorough probe into Quimby’s financial dealings.

It’s crucial to remember that an indictment is merely an accusation. Brian M. Quimby is presumed innocent until proven guilty in a court of law. Grimy Times will continue to follow this case and provide updates as they become available, digging deeper into the details of these serious allegations.

RELATED: CFO Black Blew $450K on Web Dates After $1.2M Theft