Warwick, RI – The RI State Police Financial Crimes Unit arrested a Warwick man Monday, charging him with embezzling $142,114.31 from United States Associates, LLC of Providence.
State Police have charged Paul F. Roderick, age 44, of 76 Red Chimney Drive, Warwick, Rhode Island, with Embezzlement Over $100 from the Providence contract manufacturing company, which specializes in the production of metals, insignias, tools and badges, according to a release posted to the RI State Police website.
Detectives from the Financial Crimes Unit began investigating Roderick after receiving a complaint from the president of the company alleging Roderick was stealing and selling company inventory and keeping the proceeds for himself.
The investigation revealed that Roderick would direct inventory production levels of certain products and would initiate shipments to clients. During a review of inventory levels, a managing partner of the company discovered that the company was producing a certain level of inventory, but only shipping a portion of the product. After reviewing the company’s shipping reports, it was discovered that many shipments to one of the company’s customers were not invoiced, according to the release.
Detectives interviewed the customer, who was receiving the shipments and learned that the company had been ordering directly from Mr. Roderick and remitting payments to him at his personal address.
A court-authorized search warrant was subsequently executed for Mr. Roderick’s personal bank account. A review of those documents revealed that eighty-eight (88) checks totaling $142,114.31 from that customer had been deposited into Mr. Roderick’s personal account and had not been remitted to United States Associates, LLC. All of the checks were for payment of the product that was manufactured by United States Associates, LLC and never invoiced.
Roderick was arraigned at Sixth Division District Court, Garrahy Judicial Complex, One Dorrance Plaza, Providence, Rhode Island before The Honorable Judge Stephen M. Isherwood on the charge of Embezzlement Over $100.00 He was released on $5,000 personal recognizance.
Roderick faces up to 20 years in prison, or a fine of up to $50,000, or three times (3) the value of the money embezzled, or both, if convicted on the charge.
Author: Rob Borkowski
Rob has worked as reporter and editor for several publications, including The Kent County Daily Times and Coventry Courier, before working for Gatehouse in MA then moving home with Patch Media. Now he's publisher and editor of WarwickPost.com. Contact him at [email protected] with tips, press releases, advertising inquiries, and concerns.
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