A former Elk Grove man has been indicted for alleged embezzlement and mail fraud in connection with his work as a chief financial officer for a civil engineering firm in Sacramento and El Dorado counties.
Vincent J. Doyle, 53, was charged by a federal Grand Jury with 20 counts, it was announced Thursday by Justice Department spokesperson Lauren Horwood.
Prosecutors contend that between 2001 and 2009, Doyle used his position to write unauthorized checks totaling $2.5 million from the firm’s bank accounts.
According to court documents, in order to conceal his fraud, Doyle often entered false payee information into the firm’s checkbook register and opened a Post Office box to receive mail associated with his alleged fraud.
If convicted, Doyle faces a maximum statutory penalty of 20 years in prison and a $250,000 fine, or twice the amount he allegedly stole.