Kevin J. O’Connor, United States Attorney for the District of Connecticut, announced that TERRANCE HEALY, 62, of Windsor, formerly of West Suffield, waived his right to indictment and pleaded guilty today before United States District Judge Stefan R. Underhill in Bridgeport to conspiracy to transport in interstate commerce stolen property and to defraud the United States for the purpose of impairing and impeding the lawful government functions of the Internal Revenue Service.
According to documents filed with the Court and statements made in court, HEALY was the owner and operator of Sundrop Corporation, a business engaged in interior design and furniture installation for Connecticut and Massachusetts companies. In pleading guilty, HEALY admitted that he conspired with Todd Olynciw, who was a project management manager at The Hartford Insurance Company (“The Hartford”) and was responsible for managing office renovations, to transport in interstate commerce furniture that was owned by and belonged to The Hartford, knowing that the furniture was stolen and taken by fraud. On numerous occasions between 1998 and 2005, HEALY paid Olynciw a total of approximately $71,854 for furniture that was owned by and belonged to The Hartford. On several occasions, Olynciw caused the stolen furniture to be transported from a facility in Massachusetts to HEALY in Connecticut.
HEALY and Olynciw also conspired to defraud the Internal Revenue Service. Starting in approximately April 2000, HEALY gave Olynciw cash for the stolen furniture so that Olynciw could avoid detection and assessment by the Internal Revenue Service for these payments. Olynciw did not report the payments that he received from HEALY for the stolen furniture on his federal income tax returns.
On January 2, 2008, Olynciw pleaded guilty to one count of mail fraud and one count of tax evasion, admitting that he received substantial illegal kickbacks for misappropriating and unlawfully transferring furniture that was owned by The Hartford, and also in exchange for directing business from The Hartford to individuals and entities. In total, The Hartford lost $876,437 as a result of the scheme, and Olynciw received more than $395,720 in illegal kickbacks.
Judge Underhill has scheduled sentencing for July 3, 2008, at which time HEALY faces a maximum term of imprisonment of five years and a fine of up to $250,000.
Olynciw is scheduled to be sentenced on April 30.
This case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service – Criminal Investigation Division. The Hartford Insurance Company assisted the investigation. The case is being prosecuted by Assistant United States Attorney Geoffrey M. Stone.
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