A Canadian man has been sentenced to 20 months in prison for embezzling over $1.4 million from his employer and its clients. Adil Rahman, 36, of Ontario, Canada, received the sentence from United States Senior District Judge William G. Young in a federal district court in Boston. In addition to the prison term, Rahman will face two years of supervised release and must pay $1,473,909.50 in restitution.
Rahman pleaded guilty to one count of wire fraud in September 2024 after being charged in July 2024. He was employed as a credit analyst for Company A, a subsidiary of an electrical distribution and services company based in Pittsburgh, Pennsylvania.
Between November 2022 and December 2023, Rahman misled clients of Company A by directing them to make ACH transfers to his personal bank account instead of the company's account. For instance, he convinced Company B, a nonprofit municipal corporation based in Hartford, Connecticut, to send at least 15 ACH transfers to his account between December 2022 and June 2023 under false pretenses.
Similarly, Rahman persuaded Company C, a corporate security systems provider based in Andover, Massachusetts, to make 11 ACH transfers to his personal account between May 2023 and July 2023.
The scheme resulted in more than $1.4 million being defrauded from Company A and its clients.
The announcement was made by United States Attorney Joshua S. Levy and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigations' Boston Division. Assistant U.S. Attorney Benjamin Saltzman from the Securities, Financial & Cyber Fraud Unit prosecuted the case.