Hinsdale Man Pleads Guilty to Embezzling Approximately $345,000 From His Employer CONCORD – A Hinsdale man pleaded guilty today to embezzling almost $345,000 from his employer, U.S. Attorney Erin Creegan announces.Michael Darcy, 49, pleaded guilty to five counts of Bank Fraud. U.S. District Judge Steven J. McAuliffe scheduled sentencing for October 28, 2026.Darcy was the Operations Manager for his employer. As Operations Manager, Darcy oversaw the day-to-day work of the company and had access to the company checkbook. Beginning in December 2019, and continuing through December 2024, Darcy forged the owner’s signature to draft dozens of unauthorized checks on the company’s bank account. Darcy concealed the purpose of the payments by entering them under false headings in accounting records. He sometimes also listed false entries in the memo line on the checks. Overall, Darcy embezzled $344,874.47 from his employer.The charging of Bank Fraud provides a sentence of up to 30 years in prison, up to three years of supervised release, and a fine of up to $1 million. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.The Hinsdale Police Department, FBI, and IRS Criminal Investigations led the investigation. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.
Source: U.S. Department of Justice