Saco Man Sentenced to Two Years in Federal Prison For Stealing from Employer

Updated 2 years ago

A Saco man has been sentenced to two years in federal prison for stealing more than $600,000 from his employer. The Bangor Daily News, reports that Joel Bailey was also sentenced Monday in U.S. District Court in Portland to three years of probation and ordered to pay full restitution. Prosecutors say the 33-year-old Bailey stole the money from The Jordan Group between October 2008 and January 2011 while working as a bookkeeper. Authorities say The Jordan Group opened a line of credit in 2006. Bailey admitted writing checks from that account to himself and his own technology company. Bailey also wrote checks to himself and his firm, forging his boss’s signature. Bailey pleaded guilty in June to wire fraud.


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