John J. Palandjian, Wire Fraud, Massachusetts 2012

A shocking case of corporate theft has come to light in Massachusetts, where a former employee of Iron Mountain, a public company headquartered in the state, was caught stealing over $1 million from his former employer.

John J. Palandjian, a 35-year-old man from Watertown, Massachusetts, was sentenced to 41 months in prison for his role in the wire fraud scheme. The sentence was handed down by U.S. District Judge Mark L. Wolf on [no date mentioned].

Palandjian, who was a sourcing manager for Iron Mountain, was responsible for purchasing supplies, reviewing credit card statements, and requesting wire transfers for payment of credit card bills. However, between August 2010 and June 2011, Palandjian used Iron Mountain's credit card to make unauthorized purchases and cash advances in excess of $1,148,000.

The defendant then altered the monthly credit card statements to hide his unauthorized charges and ensured that the bills were paid. This allowed him to continue the scheme undetected for an extended period.

Paladnian pleaded guilty to 10 counts of wire fraud in October 2012. He was also ordered to pay $1,148,063 in restitution, which is the exact amount he stole from Iron Mountain.

The case was prosecuted by Assistant U.S. Attorney Kristina E. Barclay of Ortiz's Public Corruption and Special Prosecutions Unit. The U.S. Attorney's Office, along with the Federal Bureau of Investigation and the Boston Police Department, worked together to bring the defendant to justice.

Palandjian's sentence serves as a warning to others who may be tempted to engage in similar crimes. The sentence was handed down by U.S. District Judge Mark L. Wolf, who also imposed a $7,500 fine on the defendant.

Source: https://www.justice.gov/usao-ma/pr/watertown-man-sentenced-stealing-iron-mountain