Police aid in embezzlement case

Greenwich police have aided in the investigation of a 57-year-old Burlington man who pleaded guilty to one count of wire fraud stemming from an embezzlement scheme.

According to Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, Peter Turner waived his right to indictment and pleaded guilty in a scheme in which he allegedly embezzled approximately $322,500.

According to court documents and statements made in court, Mr. Turner is the managing partner of Two Buck Ring, LLC, a nine-member LLC that is the majority stakeholder of The Bridge Fine Wine Spirits & Beer in New Milford. He is also a member of Spirited Endeavor, LLC, a 13-member LLC that does business as Town Line Fine Wine, Spirits & Beer in Stratford. As managing partner of Two Buck Ring (TBR), Mr. Turner was responsible for the day-to-day operation of The Bridge Fine Wine Spirits & Beer and had access to the TBR business accounts.

Between November 2010 and February 2012, Mr. Turner, without the authority of other TBR members, wrote numerous checks from the TBR business accounts to himself and used the money for various personal expenses. Mr. Turner also prepared and disseminated to investors a fraudulent ledger in an effort to conceal his fraud.

Mr. Turner is scheduled to be sentenced by U.S. District Judge Michael P. Shea on Jan. 14 in Hartford, at which time he faces a maximum term of imprisonment of 20 years and a fine of up to $645,000.

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