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Insource had been contracted by Hillel in 2000 to handle its accounting and bill paying duties, and O'Brien was hired by Insource in 2003 to oversee those day to day financial tasks, the release stated...
...statement released on Monday by the Attorney General's Office said that O'Brien, a 58-year-old resident of Framingham, Mass., allegedly stole nearly $780,000 for personal use while working as a contracted financial manager for a non-profit religious organization affiliated with a local university. A Middlesex Grand Jury charged him late last week with forgery, uttering, 11 counts of larceny over $250, 2 counts of larceny by continuous scheme, and 5 counts of failure to file income tax returns, according to the release...
Harry J. Pierre, a spokesman for the Attorney General's Office, said that O'Brien, who prepared and documented bill payments for the non-profit organization but did not have signatory power over writing checks, allegedly diverted money from the organization's banking account to his own personal account. Pierre said that the organization had used an American Express corporate credit card to pay various expenses, and that the organization's director became aware of the irregularities when American Express called and notified him that the organization's account would be closed due to missed bill payments...
Pierre said that the Attorney General's Office was notified of the fraud by Hillel in Oct. 2008 and began its investigation that month. According to the press release, investigators uncovered a second fraud scheme in which O'Brien allegedly wrote and deposited checks from the organization into another account he had created, money that he then used for personal expenses such as tickets for trips and sporting events...
...this time, O'Brien has been indicted but not arrested, Pierre said, adding that O'Brien will be arraigned in Middlesex Superior Court at a to-be-determined date. There, he will appear before a judge to face charges and enter a plea of guilty or not guilty. Pierre said that the Attorney General's Office has not yet received any communications from an attorney representing O'Brien...