Milford Woman Pleads Guilty For Stealing $2.7M From Employer

MILFORD, MA—A Milford woman pleaded guilty on Tuesday in federal court in Boston to stealing approximately $2.7 million from her employer, and then using the money to purchase luxury items, many of which she resold to consignment shops, announced the U.S. District Attorney.

Debra Mulloy, a/k/a Debra Depaul, 57, pleaded guilty to two counts of wire fraud and one count of aggravated identity theft. Sentencing is scheduled for Oct. 9.

From 2004 through 2016, Mulloy was responsible for most of the financial and organizational duties at the company where she worked. On multiple occasions from April 2012 to December 2016, Mulloy used the company’s credit card account in the name of another employee to make hundreds of unauthorized charges totaling nearly $2.4 million. Most of those unauthorized purchases were for clothing, furs and jewelry at boutique stores in the Boston area. Mulloy then sold many of the luxury items at consignment shops. As part of her scheme, Mulloy also caused company checks to be issued for her personal benefit, primarily to pay her personal credit card bills. In total, Mulloy defrauded her employer of approximately $2.7 million.

Mulloy could get up to 20 years in prison for the wire fraud charge, three years of supervised release, and a fine of $250,000 or twice the gross gain or loss (whatever is greater).

The charge of aggravated identity theft provides for a mandatory two-year sentence that must run consecutively to any other sentence imposed, one year of supervised release, a fine of $250,000 or twice the gross gain or loss, whichever is greater, and restitution.

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