A 35-year-old Watertown man was sentenced today in Boston federal court for stealing over $1 million from his former employer, Massachusetts-based Iron Mountain, according to federal authorities.
John J. Palandjian was sentenced by U.S. District Judge Mark L. Wolf to 41 months
in prison, to be followed by three years of supervised release and a $7,500 fine and ordered to pay $1,148,063 in restitution.
Palandjian pleaded guilty last October to 10 counts of wire fraud.
According to federal authorities, Palandjian, a sourcing manager for Iron Mountain,was responsible for purchasing supplies, reviewing credit card statements and
requesting wire transfers for payment of credit card bills. From August 2010 to June 2011,
Palandjian used Iron Mountain’s credit card to make unauthorized purchases and cash advances in excess of $1,148,000. Palandjian then altered the monthly credit card statements to hide his unauthorized charges and ensured that the bills were paid.
United States Attorney Carmen M. Ortiz; Richard DesLauriers, Special Agent in Charge
of the Federal Bureau of Investigation, Boston Field Division; and Boston Police Commissioner Edward Davis, made the announcement today.
The case was prosecuted by Assistant U.S. Attorney Kristina E. Barclay of Ortiz’s Public Corruption and Special Prosecutions Unit..