SPRINGFIELD, Mass. (WWLP) – A former bookkeeper has been indicted by a grand jury for allegedly stealing more than $1 million from a West Springfield company that sells fire extinguishers and fire suppression systems.
Jeffrey Cinelli, 50, of Montgomery was indicted Thursday on five counts of larceny over $250 and four counts of false entry in corporate books.
According to a news release sent to 22News by the office of Attorney General Martha Coakley, Cinelli, who worked as an accounts payable bookkeeper for Massachusetts Fire Technologies, allegedly stole the money through a scheme in which he manipulated the books.
Prosecutors say that Cinelli made required company credit card payments, but then forwarded a nearly identical payment to his personal credit card. He then allegedly listed both payments together under the category of “material expenditures” for the company.
He is also accused of taking numerous cash advances on his credit card, which he paid off using company funds.
Cinelli will be arraigned on March 14 in Hampden Superior Court.