A 46-year-old Woodbridge man pleaded guilty in federal court Thursday to one count of wire fraud after stealing more than $1 million from a Milford company that hired him as a financial consultant, prosecutors said.
Giovanni “John” Masucci funneled company funds into his personal account from September 2011 to February 2014 and used the money to pay for travel expenses, hotels and retail purchases at high-end stores, according to the U.S. Attorney’s Office.
Prosecutors said Masucci also forged a company representative’s signature to write himself checks to pay personal bills and those of a friend. He took the company checkbook and created false entries in the ledger to cover his tracks.
Masucci has pleaded guilty to one count of wire fraud and could face up to 20 years in prison if convicted.
