Mass. Town Official Charged In $500,000 Theft While On Probation

Some people just don't learn the lesson the first time. A pension manager in Maynard, Mass., faces felony theft charges for the second time in just months.

On Tuesday, Timothy McDaid (pictured, left) was charged with stealing $521,000 from the town's retirement fund -- a mere eight months after he pleaded guilty to stealing $177,000 from an autism charity. McDaid pleaded not guilty to stealing from the pension system, which he oversaw from 2007 until earlier this month, Boston-area TV station WFXT reports.

It's alleged that the 46-year-old wrote 128 checks totaling $521,573 from December 2010 through May.

Last November, McDaid pleaded guilty to charges of stealing money from the Asperger's Association of New England, stemming from a 2010 investigation. He was given five years probation and ordered to pay restitution.

But it appears that McDaid used some of the money he is accused of stealing from the town's pension fund to help repay that debt.

"Records show that just days before making a $75,000 payment to the probation department in 2011, he wrote a check to himself for $82,000 that was drawn on this account from the Maynard retirement system," WFXT quotes Assistant District Attorney Doug Nagengast as saying.

More striking is that McDaid's connection to Maynard's pension fund wasn't immediately discovered by local officials after his conviction on theft from the charity.

The Boston Globe reports that during sentencing last November McDaid failed to disclose that he worked as the full-time administrator for the Maynard Retirement Board, a position that paid him $60,000 a year and oversaw $26 million in assets.

A spokeswoman for district attorney's office told WFXT that prosecutors were told that McDaid worked only as a "contract employee" for the town.

The district attorney's office said prosecutors should have alerted Maynard officials to McDaid's conviction, but the connection wasn't immediately made.

State guidelines bar anyone convicted of a financial crime from acting as a custodian of a public pension, the Globe quotes an official overseeing public pension programs as saying.

McDaid's attorney in the previous case, Timothy ­Flaherty, said his client was a devoted family man who ­developed an addiction to painkillers that he'd begun taking to treat a back injury.

"He struggled with that substance abuse issue, which led to his legal difficulties in the past," Flaherty said, according to the Globe.

Still, compared to the charges against Rita Crundwell, the former comptroller in Dixon, Ill., McDaid's alleged theft seems small by comparison. Crundwell, who was paid $80,000 annually, stands accused of stealing more than $53 million during the last six years.




Don't Miss: Companies Hiring Now



More From AOL Jobs



Looking for a job? Click here to get started.

Add a Comment

*0 / 3000 Character Maximum

69 Comments

Filter by:
mary_andrews6

Piece of ****!!!!! Brag now you SCUM!!!!!!!!

June 17 2012 at 4:49 PM Report abuse rate up rate down Reply
JamminJohnny13

what a low life *******

June 15 2012 at 3:03 AM Report abuse rate up rate down Reply
ED

how is he still authorized to write check period...the town looks like a dunce to figure out what he was doing and stoped the crap. they really look like real stupid people over this!! what some real putzes...

June 15 2012 at 2:52 AM Report abuse rate up rate down Reply
1 reply to ED's comment
PRINCE

good point.

June 15 2012 at 4:07 AM Report abuse rate up rate down Reply
Bud Maxwell

A Weevil lived in a cookie jar,
Thrived and grew fat on a chocolate bar,
Until one day his presence was detected.
He and the cookie were promptly ejected.
Few thieves, when caught sitting on their loot,
Escape with their plunder when given the boot!

June 15 2012 at 1:12 AM Report abuse rate up rate down Reply
rbbbcircus

He must have read the book, "Getting Caught Again for Dummies".

June 15 2012 at 12:32 AM Report abuse +2 rate up rate down Reply
Craigermt

And I am sure as a government employee, when all is said and done, he will be allowed to retire with full benefits. After all, he dedicated his life to serving the public while receiving a much smaller salary than he could have received if he would have gone into the private sector.

June 14 2012 at 10:16 PM Report abuse -2 rate up rate down Reply
1 reply to Craigermt's comment
hmalen

That was his choice to work for the government and should even be a consideration. He stole money not once but TWICE!! Throw him in jail forever!!

June 14 2012 at 11:57 PM Report abuse rate up rate down Reply
itsallaboutme_2

Piece of Crap State also

June 14 2012 at 9:55 PM Report abuse rate up rate down Reply
gregnizio

if a poor person steals a 10,000 car they go to prision. this guy robs half a million from disabled people and gets probation. piece of crap judge, and piece of crap government.

June 14 2012 at 9:18 PM Report abuse +3 rate up rate down Reply
moeelmore

Now I like to think I live in a nation of law, but some people just need a good ass whipping to get their attention and remind them there may be a variety of consequences for some actions. Axe handles and two by fours come to mind! Don't want to bruise the knuckles you know. LOL

June 14 2012 at 9:17 PM Report abuse +3 rate up rate down Reply
gregnizio

521,000 stolen and he gets five years probation. What was his restitution he owes? why not report that? probably because its a small percentage of what he stole. the judge should be thrown in prison.

June 14 2012 at 9:15 PM Report abuse +2 rate up rate down Reply
1 reply to gregnizio's comment
Dans AOL

Gregnizio, He stole 177,000 from the disabled and got 5 years probation, then he stole the 521,000 from the City of Maynards retirement fund to repay what he stole the first time . But he should be put under the jail for stealing the money from the Aspergers Association

June 15 2012 at 6:16 AM Report abuse rate up rate down Reply

Search Articles

Top Companies Hiring

Week of Oct 19 - 26
View All

Featured Writers

Meet the team

Picks From the Web