STAMFORD, Conn. A former UBS executive was sentenced to 33 months in jail and three years of supervised release for stealing over $673,000 from his former employer, a release from U.S. Attorney David B. Fein said.
Shawn Reilly, 34, of Congers, N.Y., pleaded guilty to one count of bank fraud on Sept. 6. His sentence includes paying $673, 447.47 in restitution to UBS, the release said. The sentence was handed down in U.S. District Court in Bridgeport.
From February 2009 to April 2011 Reilly was responsible for 84 fraudulent wire transfers of company funds to personal accounts, the release said. He used part of the transferred funds to pay gambling debts, the release said.
He was the director within the settlements group from November 2007 through January 2010 and used his position to have other employees make journal entries and transfers without their knowing they were fraudulent, the release said.
Reilly worked for UBS from 1999 to April 2011.
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