Former Puma Employee Pleads Guilty To Theft Of $341,000

A man who once worked at Westford’s Puma North America facility will face jail time after pleading guilty this week to stealing $341,000.

Ian Donovan, 39, of Seabrook, NH had been charged with seven counts of larceny over $250, seven counts of false entry into corporate books and four counts of money laundering.

PumaMiddlesex Superior Court Judge Shannon Frison sentenced Donovan, to two-and-a-half years in jail to be followed by 10 years of probation and to make $341,000 restitution to Puma North America of Westford.

The defendant has already placed an estimated $79,000 in escrow and was ordered to liquidate an insurance policy worth approximately $20,000.

Frison also ordered a condition of probation is to stay away from former co-workers except as required to answer a civil lawsuit Puma filed against him in New Hampshire.

Donovan was once an accountant for the company and between November 2012 and June 2013, he uses his access to arrange for expense payments to other employees to be deposited directly into his own bank account, with additional transactions to conceal the origins of the stolen money.

Puma discovered the losses only after Donovan had left the company.

According to a press release from the Middlesex County District Attorney’s office, Donovan alleged used the money to buy a 2013 Jeep Grand Cherokee, jewelry, travel expenses and other items.