A former vice president of a global investment firm has been sentenced to three years for embezzling money from his employer
A District Court in Connecticut has sentenced Jeffrey Grous, of Tolland, to 36 months in prison, followed by three years of supervised release.
Grous was also fined $10,000 after pleading guilty to defrauding his former employer of approximately $5.3m. He was a former vice president of a global investment firm specializing in fixed-income products.
As part of the scheme, Grous formed two sham companies, Equity Analysis and Research Consultants. He then submitted false invoices for consulting services by these sham companies and approved the fraudulent requests.