DA VANCE: ROBERT DAYAN SENTENCED TO 2 ½-to-7 ½ YEARS IN STATE PRISON FOR EMBEZZLING MORE THAN $1.3 MILLION FROM FORMER EMPLOYER
Last week, Manhattan District Attorney Cyrus R. Vance, Jr., announced the sentencing of ROBERT DAYAN, 59, to 2 ½-to-7 ½ years in state prison for stealing more than $1.3 million from his former employer, Infinity Consulting Solutions, Inc., a staffing and recruiting agency, while working as the company’s controller. On September 4, 2014, DAYAN pleaded guilty to the top count in the indictment, Grand Larceny in the First Degree, as well as Falsifying Business Records in the First Degree.
“Companies should be able to trust their accounting professionals and executives to conduct business honestly and with integrity,” said District Attorney Vance. “The defendant stole more than one million dollars from his employer, which he used to keep up his luxurious lifestyle and pay for a variety of expenses, including credit card payments, expensive dinners, jewelry, mortgage payments, and lease payments on a Mercedes-Benz and two different Lexuses. I thank all of those involved for working with my Office during this investigation, and encourage all business organizations to remain on guard against internal corporate fraud.”
As admitted in the defendant’s plea, DAYAN began working for Infinity Consulting Solutions, Inc., in March 2006, and was principally responsible for managing the company’s accounts payable and payments for third-party vendor services. Between July 2008 and February 2012, the defendant made more than 130 false entries in the company’s payroll processing and accounting systems, corresponding to at least 150 checks made payable to three separate bank accounts opened under DAYAN’s name. The unauthorized checks directed to the defendant’s accounts totaled more than $1.3 million, which DAYAN used for various personal expenses, including payment for credit card bills, fine dining and entertainment, designer jewelry, mortgage payments on his home in New Jersey, and leases for three luxury vehicles.
As part of his sentence, DAYAN executed a confession of judgment in the amount of $1,365,524 and forfeited two of the aforementioned vehicles.
Assistant District Attorneys Cory Jacobs and Kenn Kern handled the prosecution of the case, under the supervision of Assistant District Attorney Brenda Fischer, Chief of the Cybercrime and Identity Theft Bureau, Assistant District Attorney Polly Greenberg, Chief of the Major Economic Crimes Bureau, and Executive Assistant District Attorney David Szuchman, Chief of the Investigation Division. Investigative assistance was provided by Financial Investigator Frank Nonnenmacher of the Forensic Accounting and Financial Investigations Bureau, and Investigators Andrew Lee, Jonathan D. Reid, Reginald Barometre, Matthew Winters, Gerald S. Bergold, Mariangela Perrotta, Jaime Mercier-Blanchard, and Michael O’Brien, under the supervision of Deputy Chief Supervising Investigator Santiago Batista and Chief Investigator Walter Alexander of the Investigations Bureau.
District Attorney Vance also thanked Automatic Data Processing (“ADP”) and Paychex, Inc. for their assistance with the case.
Defendant Information:
ROBERT DAYAN, D.O.B. 7/5/1955
Monmouth, NJ
Convicted:
- Grand Larceny in the First Degree, a class B felony, 1 count
- Falsifying Business Records in the First Degree, a class E felony, 1 count
Sentenced:
- 2 ½-to-7 ½ years in state prison
- Confession of judgment in the amount of $1,365,524