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04/12/2010

News / Former Software Company Executive Charged with Fraud

BOSTON—A Maine man was charged today in federal court with defrauding his former employer out of more than $1 million by diverting collected accounts receivables to himself.

United States Attorney Carmen M. Ortiz and Warren T. Bamford, Special Agent in Charge of the Federal Bureau of Investigation - Boston Field Office, announced today that JOSEPH P. BOLDIGA, 68, of Eliot, Maine, was charged in an information with three counts of mail fraud.

The information alleges that for a period of more than 10 years BOLDIGA was employed as a collections specialist by the former Iona Technologies Corporation, a software company located in Waltham, Mass. The information further alleges that during this period, BOLDIGA diverted collected accounts receivable, due to Iona Technologies and totaling more than $1 million, to his own bank account and used the funds for his own purposes.

If convicted on these charges, BOLDIGA faces up to 20 years' imprisonment, to be followed by five years of supervised release and a $ 250,000 fine.

The case was investigated by the Federal Bureau of Investigation. It is being prosecuted by Assistant U.S. Attorney Lori J. Holik of Ortiz’s Economic Crimes Unit.

The details contained in the information are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

http://boston.fbi.gov/dojpressrel/pressrel10/bs040910.htm

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