York County Businessman Sentenced to 18 Months’ Imprisonment

Martin C. Carlson, United States Attorney for the Middle District of Pennsylvania, announced that TODD S. ALBRIGHT, age 47, of Manchester, Pennsylvania, was sentenced in federal court Friday to 18 months’ imprisonment for engineering a scheme that defrauded his former employer out of $583,799. Albright was also ordered by Senior U.S. District Court Judge William Caldwell to pay $583,799 in restitution and undergo two years of Supervised Release following his release from prison.

ALBRIGHT was indicted and charged by a Middle District of Pennsylvania Grand Jury in April of this year with Mail Fraud, 18 U.S.C. § 1341. The Indictment alleged ALBRIGHT defrauded his former employer, I. B. Abel, Inc., of York, Pennsylvania, out of $583,799 between April 1999 and May 2007 via a false, circuit breaker invoice scheme. According to the Indictment , ALBRIGHT repeatedly sold circuit breakers I.B. Abel already owned, or completely fictitious, non-existent circuit breakers, to I. B. Abel under the name of another enterprise he controlled. ABRIGHT’s scheme was facilitated by the fact he held the position of Vice President at I. B. ABEL and had the power to unilaterally approve the false circuit breaker invoices he created for payment.

The scheme was initially uncovered by a Lancaster law firm and accounting firm hired by I. B. Abel in 2007. Albright confessed to the internal investigators and later confessed to the FBI in October of last year after the company referred the matter to federal authorities for investigation.

ALBRIGHT pleaded guilty to the Indictment in June of this year pursuant to a plea agreement that called for his cooperation with the authorities. Judge Caldwell cited Albright’s substantial assistance to law enforcement in sentencing Albright below federal sentencing guidelines.

The case was investigated by the Harrisburg Office of the FBI and was prosecuted by Assistant U.S. Attorney Kim Douglas Daniel.

 

 

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