The former controller of a private equity firm in Greenwich pleaded guilty to one count of wire fraud on Wednesday.
According to court documents, between January 2008 and April 2010, 33-year-old Charles Bradley Simpson, of Wyckoff, New Jersey, embezzled $85,207.55 from the firm where he worked.
Although his former company was not identified in court documents, some reports say it was Clearview Capital.
While working as a controller for his company, one of Simpson’s responsible was to oversee the company’s payroll functions. Court documents say Simpson accessed his company’s Internet-based payroll system and reimbursed himself 40 times for expenses he never incurred.
Simpson was first confronted about the expenses by his company’s office manager, who then notified authorities about the fraud.
Simpson faces 20 years in prison and a fine up to $250,000 when he is sentenced on January 6, 2012.