A Norwalk, Connecticut man has pleaded guilty to stealing more than $800,000 from his employer over a three-year span.
Federal prosecutors say 64-year-old Mark Errico pleaded guilty Monday to embezzlement and tax evasion charges.
For 20 years, Errico handled finances for two companies owned by the same person, according to prosecutors.
Between February 2011 and March 2014, Errico transferred funds from the companies' accounts to pay his personal credit card and he also forged the signature of the companies' owner on company checks and cashed them or made them payable to his own company, according to the office of the U.S. Attorney for the District of Connecticut.
He then failed to pay $265,326 in federal income taxes on the stolen money.
Errico faces up to 15 years in prison at sentencing scheduled for July 17. He also agreed to partial restitution and must pay the back taxes.
