Jun 12, 2020, BOSTON – A former Hopkinton woman pleaded guilty Wednesday in federal court to bank and tax fraud charges stemming from her embezzlement of more than $348,000 from a Boston-based dental practice.
Yuliya Vaysglus, also known as Julia Vaysglus, pleaded guilty to eight counts of bank fraud, one count of aggravated identity theft and three counts of filing false tax returns. Vaysglus, 36, will be sentenced Nov. 17.
I posted about Yuliya bak in 2018 here: https://dentalfraudbusters.com/former-office-manager-of-boston-dental-practice-charged-with-bank-and-tax-fraud/
Vaysglus, who now resides in Campbell, California, was the office manager of a Boston-area dental practice from 2009 until she was fired in February 2015.
Her duties included tracking client invoices, depositing insurance payments into the practice’s bank account and recording those deposits for accounting purposes.
Between 2009 and December 2014, Vaysglus embezzled more than $348,000 from the dental practice by diverting to herself at least 276 checks from various insurance companies for services rendered to patients, according to a press release from the U.S. Department of Justice.
Vaysglus made the checks payable to herself, forged the signature of the dental firm’s owner on the checks and deposited them into her bank account.
“The owner is now suing the bank for negligence: https://www.leagle.com/decision/infdco20180424a83 “
Vaysglus also failed to report the embezzled funds on her federal tax returns, according to the U.S. Department of Justice.
The charge of bank fraud provides for a sentence of up to 30 years in prison, five years of supervised release and a fine of $1 million.
The charge of filing a false tax return provides for a sentence of up to three years in prison, one year of supervised release and a fine of $250,000.
Aggravated identity theft carries a mandatory two-year sentence that must be served consecutively to any other sentence, one year of supervised release and a fine of $250,000.
Sentences are imposed by a federal district court judge based on the U.S. Sentencing Guidelines and other statutory factors.
United States Attorney Andrew E. Lelling, Inspector in Charge of the U.S. Postal Inspection Service in Boston Joseph W. Cronin and Special Agent in Charge of the Internal Revenue Service’s Criminal Investigations in Boston Kristina O’Connell made the announcement Wednesday. Assistant U.S. Attorney Sara M. Bloom and Victor A. Wild, of Lelling’s Securities, Financial & Cyber Fraud Unit are prosecuting the case.
Here are some tips to help you prevent this in your office: