Lou Amaral, Wire Fraud, Massachusetts 2014

State: Massachusetts
Category: Fraud &#038; Financial Crimes
Source: <a href="https://www.justice.gov/usao-ma/pr/two-malden-residents-charged-defrauding-their-employer" style="color:#cc0000;" target="_blank" rel="nofollow noopener">DOJ Press Release ÃƒÂ¢Ã¢â‚¬Â Ã¢â‚¬â€

Two Malden men, Lou Amaral and Vence Pires, have been charged with defrauding their employer, a large facilities services company with offices in the Greater Boston area.

Amaral, 52, was charged by information with one count of conspiracy to commit honest services mail fraud, one count of conspiracy to commit wire fraud, one count of money laundering, and one count of tax evasion. Pires, 58, was charged by information with one count of conspiracy to commit wire fraud.

According to court documents, Amaral was the supervisor of the Special Services department and had the ability to hire employees and contract with third-parties to provide temporary labor. Pires worked for Amaral in Special Services.

Amaral first began by taking bribes from a temporary labor company in order to steer contracts to that company. In 2014, Amaral opened up his own temporary labor company and, with the help of Pires, awarded himself the temporary labor contracts.

Through this scheme, Amaral made approximately $10 million in revenue over a three-year period, resulting in harm to his employer of more than $4 million.

Amaral has agreed to forfeit approximately $2 million that has been seized from him.

Pires faces a maximum sentence of five years in prison, up to three years of supervised release, and a fine of up to $250,000. Amaral faces a maximum sentence on the conspiracy and money laundering counts of up to 20 years in prison, three years of supervised release, and a fine of $250,000 on each count. Amaral faces a maximum sentence on the tax evasion count of up to five years in prison, supervised release for one year, and a fine of $100,000.

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