Hinsdale man pleads guilty to embezzling approximately $345,000 from his employer

Date: July 14, 2026
Contact: [email protected]

CONCORD, N.H. - A Hinsdale, New Hampshire man pleaded guilty today to embezzling almost $345,000 from his employer, U.S. Attorney Erin Creegan announces.

Michael Darcy pleaded guilty to five counts of bank fraud. U.S. District Judge Steven J. McAuliffe scheduled sentencing for Oct. 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.

IRS Criminal Investigation, the Hinsdale Police Department, and FBI led the investigation. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

IRS-CI is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. It is the only federal law enforcement agency with investigative jurisdiction over violations of the Internal Revenue Code. IRS-CI has 18 field offices located across the U.S. and maintains an international presence through attaché posts abroad.