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HomeLarchmontFormer Larchmont Collins Bros. CFO Sentenced

Former Larchmont Collins Bros. CFO Sentenced

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You may remember the the former chief financial officer of Collins Brothers Moving Co. in Larchmont who was indicted for taking millions from his employer to pay his personal expenses. He was sentenced Wednesday to six years in federal prison.

Gregg Pierleoni, 59, of New Fairfield, Conn., allegedly did this from 2006 to April 2013, when he left Collins Brothers after 26 years, by transferring funds from their operating account to other accounts held by the company.

According to the U.S. Southern District of New York Court, Pierleoni used the funds to pay for $70,000 worth of Thomas Kinkade artwork, sports memorabilia, more than $500,000 in coins from the New York Mint and more than $40,000 in jewelry. He also allegedly used the company’s funds to pay for his Connecticut income and property taxes.

In addition to the prison time, Pierleoni must return $4.8 million to his former employer, pay $1 million to the moving company’s insurance company and about $1.5 million to the IRS, federal authorities said. He also faces three years of supervised release when he gets out of prison.

photo: Collins Bros. website

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