Employee of Prov-Based DCI/Decor Craft Charged with Wire Fraud Totaling $302,000

Employee of Prov-Based DCI/Decor Craft Charged with Wire Fraud Totaling $302,000

An accounts payable clerk employed by DCI/Decor Craft Inc. in Providence was arraigned in U.S. District Court for allegedly misappropriating $302,000 of company funds, announced U.S. Attorney Aaron Weisman on Monday.

According to the company’s LinkedIn page, DCI/Decor Craft is a product design and distribution company that features U.S. retailers such as Target, Bed Bath and Beyond and others.

Grant Devillez, 35, of Dayville, Connecticut, was arrested by the FBI on Monday and charged with ten counts of wire fraud. 

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He was released on unsecured bond and GPS monitoring.

The Investigation

According to the U.S. Attorney’s office, it is alleged that for nearly three years beginning in October of 2015, Devillez was responsible for preparing lists of proposed vendor payments, and after receiving approval from the company’s owner to make the payments, he was provided a bank access code by the owner to make those payments by electronic wire transfers.

It is alleged that Devillez made a partial payment or no payment at all to some vendors, transferring the balance of approved funds from his employer’s business bank account to his own bank accounts or to an account owned by another person.

It is alleged that after making the unauthorized transfers, Devillez falsified records to reflect that full payment had been made to the vendors.

According to the U.S. Attorney’s office, it is alleged that Devillez misappropriated approximately $302,000.

Wire fraud is punishable by statutory maximum penalties of 20 years imprisonment, a fine of twice the gross/gain loss, and 3 years’ supervised release.