Indiana News

Two Charged With Multi-State Embezzlement Scheme

Federal indictment says men stole $1.6 million from Stanley Black and Decker

10/11/2012


U.S. Attorney Joe Hogsett (center) announcing embezzlement charges related to Stanley Black and Decker in Fishers (wibc.com photo: Ray Steele)

Two men, one local and one in California, have been charged with stealing a whole lot more than hammers from tool giant Stanley Black and Decker.

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Derek Bresky, 28, is also wanted for failing to show up for an initial court appearance. Bresky worked in accounts payable for Stanley Black and Decker in Fishers, and U.S. Attorney Joe Hogsett says he masterminded a scheme in which he and Dennis Furst, 37, used phony invoices to steal $1.6 million from the company over a five month period, between April and August, 2012. "This is money that these two individuals used to buy fast cars, expensive watches, real estate and possibly more," Hogsett said.

Furst worked for a California company called 365 Electrician, which was working with the Stanley branch in Fishers on its accounts and invoices. A federal indictment says Bresky had Furst create invoices for work that was never completed. Bresky would then log into the company's accounts payable system remotely and deposit money into the business account of 365 Electrician, according to the indictment.

Security at Stanley contacted the U.S. Secret Service in August, and their investigation led to the charges against Bresky and Furst. "When the victims come forward early and completely that we can quickly act on the information and seize the assets that had gone astray," said Roger Goods, Special Agent In Charge for the Secret Service in Indianapolis. Hogsett says investigators have seized around $1 million in cash and property, including a 2004 Ferrari and two Rolex watches the indictment says were purchased by Furst.

Hogsett says embezzlement schemes from white collar employees are more common than most people think, and the man prosecuting Bresky and Furst says it's especially painful during a slow economy.  "Companies are hurting too. They're struggling with their earnings. They're struggling to keep long trusted employees employed because of this," said Deputy U.S. Attorney Brad Shepard. "When individuals seek to harm their employer, it makes it that much more difficult for them to protect their honest employees."

Furst appeared in federal court on Thursday and was conditionally released. A federal judge issued a bench warrant for Bresky, who now has 72 hours to turn himself in. Hogsett says each man faces up to 20 years in prison if they are convicted.

@WIBC_RaySteele

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