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Rochester-area Man Sentenced for $776,000 Fraud and Money Laundering Scheme
A 52-year-old man from Fairport, New York, has been sentenced to two years in prison for his role in a $776,000 fraud and money laundering scheme.
Michael Bartusek, of Fairport, was sentenced by Senior United States District Judge Thomas J. McAvoy, who also ordered him to pay restitution to his victims totaling $973,922.
According to court documents, Bartusek admitted to defrauding his employer of approximately $776,000 between the summer of 2015 and the end of 2016. He used the stolen money to invest in a high-risk scheme to purchase and sell diamonds from overseas, hoping to profit personally from their sale and return the money he stole before his fraud was discovered.
However, the diamond investment failed, and the money was lost. In addition to the fraud and money laundering, Bartusek filed false tax returns for tax year 2015 and underreported his total income that tax year by approximately $123,000, and underreported his total income for the 2016 tax year by approximately $46,000.
The case was investigated by the FBI, United States Postal Inspection Service, and IRS-CI. The case was prosecuted by Assistant U.S. Attorneys Michael D. Gadarian and Nicolas Commandeur of the Northern District of New York, and Assistant U.S. Attorney Charles Kruly of the Western District of New York.
Bartusek was also sentenced to a 3-year term of supervised release to begin following his term of imprisonment. The sentencing was announced by Acting United States Attorney Antoinette T. Bacon of the Northern District of New York; United States Attorney James P. Kennedy, Jr. of the Western District of New York; and other law enforcement officials.
The investigation and prosecution of Bartusek’s crimes highlight the importance of holding individuals accountable for their actions and the need for law enforcement agencies to work together to combat financial crimes.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: DOJ Press Release â†â€â€
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