Man Who Embezzled Over $1M From RI Co. and Used for Personal Purchases Sentenced to 33 Months

Man Who Embezzled Over $1M From RI Co. and Used for Personal Purchases Sentenced to 33 Months

The former IT Director of a Warwick, RI, metals fabrication and supply company who used his purchasing authority to devise and execute a decade-long fraud scheme that bilked his employer out of more than $1M was sentenced Monday to nearly three years in federal prison, announced United States Attorney Zachary A. Cunha. 

About Case

Juan Hicks, 47, of New Bedford, MA, pleaded guilty in March 2023 to a charge of wire fraud, admitting that he defrauded ATW Companies in a variety of ways, including by: creating false invoices and expense reports for purchases that were never made; altering legitimate credit card statements to make purchases appear to be business expenses, when, in fact, they were for Hicks’ personal expenses; issuing company phones to himself and six family members and then enrolling the phones on the company’s wireless phone service plan; submitting invoices and using company credit cards to purchase airline and entertainment tickets for himself, family members and friends; and using those company cards to make purchases at retail stores and auto repair centers.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Hicks’ criminal conduct came to light in March 2022, when his employer hired forensic analysts to determine the source of a cyberattack and to assess vulnerabilities in its computer system. Information and analysis provided by the company to the Warwick Police Department, Homeland Security Investigations, and the United States Attorney’s Office subsequently revealed that Hicks had embezzled over one million dollars from the company since 2012.

Hicks was sentenced Monday by U.S. District Court Judge William E. Smith to thirty-three months in federal prison to be followed by three years of federal supervised release. He was ordered to pay restitution totaling $1,042,000.

The case was prosecuted by Assistant U.S. Attorney Lee H. Vilker.