PHILADELPHIA – Peter Goodchild, a former bookkeeper for QwikSource LLC/GMI Technical Sales LLC, has been convicted of embezzling almost $1.6 million from his employer over a ten-year period. The 56-year-old Philadelphia native was caught in a complex wire fraud scheme that involved money laundering and aggravated identity theft.
Goodchild opened a PayPal account under his employer’s name and transferred funds between accounts, including to an account belonging to his girlfriend, and ultimately to his personal bank accounts. He concealed the embezzlement by inflating costs on QwikSource’s files to match the amount wired out of the company’s account.
The defendant also failed to pay taxes on the embezzled funds, leading to a tax loss of approximately $240,648. His unreported income ranged from $231,100 in 2010 to $48,000 in 2015.
Convicted on 48 counts of wire fraud, 10 counts of money laundering, six counts of filing false income tax returns, and one count of aggravated identity theft, Goodchild faces up to 20 years in prison for wire fraud and money laundering. He will also be subject to restitution and/or forfeiture totaling $1,589,315.
“My office takes offenses like embezzlement, tax fraud, and money laundering very seriously,” said U.S. Attorney William M. McSwain. “The defendant stole more than a million dollars by abusing his position handling finances for his former employer.”
The investigation was conducted by the Federal Bureau of Investigation and the Internal Revenue Service, with prosecution handled by Assistant United States Attorney Anita Eve.
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Key Facts
- State: Pennsylvania
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: Official Source ↗
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