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Former Hinsdale selectman gets prison term in company theft case

He admitted guilt in July to five counts of bank fraud.

 

A federal judge in Concord on Tuesday sentenced Michael Darcy, 49, after prosecutors said he took about $345,000 from Phelps Company Hardware in Hinsdale over several years.

 

Darcy was ordered to serve 15 months in prison, followed by one year of supervised release, and to repay the full amount lost by the business.

 

Court filings said Darcy used his position as operations manager to access the company checkbook and issue dozens of unauthorized checks from December 2019 through December 2024. Investigators said he also hid the missing money in the bookkeeping records by recording the withdrawals under false descriptions.

 

He admitted guilt in July to five counts of bank fraud. Darcy also served as a Hinsdale selectman from 2012 to 2020.

 

The case was investigated by the Hinsdale Police Department, the FBI, and IRS Criminal Investigations.

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