Hinsdale man indicted for stealing approximately $345,000 from his employer

Date: Oct. 8, 2025

Contact: newsroom@ci.irs.gov

CONCORD — A Hinsdale man was indicted for embezzling almost $345,000 from his employer, U.S. Attorney Erin Creegan announces.

Michael Darcy was charged with five counts of Bank Fraud.

According to the indictment, Darcy was the Operations Manager for his employer. As Operations Manager, Darcy oversaw the day-to-day work of the company and had access to the company checkbook. Beginning in December 2019, and continuing through December 2024, Darcy forged the owner’s signature to draft dozens of unauthorized checks on the company’s checking account. Darcy concealed the purpose of the payments by entering them under false headings in accounting records. He sometimes also listed false entries in the memo line on the checks. For example, on December 7, 2023, Darcy drafted a $5,722 check payable to himself for “Stamps.” Overall, Darcy is alleged to have embezzled $344,874.47 from his employer.

The charging statute provides a sentence of up to 30 years in prison, up to three years of supervised release, and a fine of up to $1 million. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

IRS Criminal Investigations, the Hinsdale Police Department, and FBI led the investigation. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 19 field offices located across the U.S. and 14 attaché posts abroad.