Medford man indicted for stealing millions from former employers
A Medford man was indicted today by a Suffolk County Grand Jury for allegedly stealing millions of dollars from former employers and covering those thefts by overbilling his clients.
George Papadopoulos, 48, is charged with four counts of larceny over $250 and procurement fraud. He pleaded not guilty at his arraignment in December at Boston Municipal Court and was released on $25,000 bail. He is scheduled to be arraigned in Suffolk Superior Court on Feb. 23.
Police arrested Papadopoulos on Dec. 12 at his Medford home after a months-long investigation by the attorney general's office into his actions while under the employment of two construction management companies.
According to authorities, while serving as vice president of a company in the Greater Boston area, Papadopoulos “routinely submitted reimbursement requests that contained fake receipts, invoices, and correspondence.”
The company relied on Papadopoulos's documentation and paid him several million dollars in reimbursements from 2007 until his departure in January 2009, prosecutors allege.
To hide the thefts, Papadopoulos subsequently overbilled two clients that used the construction services of his former employer, investigators say. They allege the bills in question contain “falsified expenses and labor that roughly equal” the amount he stole from his former employer.
After being terminated from the construction company, Papadopoulos was hired at a second company that offered to reimburse him for moving expenses. Authorities allege that Papadopoulos stole a total of $15,000 from the new employer by submitting fraudulent expense reports and invoices for moving expenses that he did not actually incur.
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