10-13-2005 -- Doyle, Daniel Jr., Jr. -- Sentencing -- News Release

Former Manager Sentenced to 46 Months in Prison for Embezzling $2.2 Million from FDU Credit Union

NEWARK - A Hunterdon County man was sentenced today to 46 months in prison for embezzling approximately $2.2 million from the Fairleigh Dickinson University Federal Credit Union where he was formerly an operations manager, U.S. Attorney Christopher J. Christie announced.

U.S. District Judge Katharine S. Hayden sentenced Daniel J. Doyle, Jr., 60, to the top of the eligible sentencing range - 37 to 46 months - as determined by the advisory U.S. Sentencing Guidelines. Judge Hayden ordered Doyle to turn himself in to the federal Bureau of Prisons no later than Jan. 3 to begin serving his sentence.

Judge Hayden also ordered Doyle, most recently of Whitehouse Station, to make restitution in the amount of $1,777,283, the loss amount fully documented by the credit union. The credit union informed the government that, while "all records" indicate a loss of $2.2 million, it was no longer financially able to devote full-time staff to the investigative task of tracking and documenting more of the missing money. Doyle is expected to liquidate his former home in Califon, which has estimated equity of more than $300,000, as well as other assets. He would be subject to a restitution order for the balance.

Doyle pleaded guilty before Judge Hayden on May 23, admitting that he embezzled the money between March and August 2002. (His employment with the credit union began in February 2002.) Doyle said he transferred the money into numerous accounts he created at the credit union under fictitious names, including Axel Gautier, Rudy Bundy and Cocoa Tin - the name of his cat.

Doyle admitted that sometimes he used his own Social Security number and address to open the accounts; other times, he used variations of his Social Security number along with his actual address. The embezzled funds came from other credit union members' accounts or from the credit union's general ledger account.

Doyle was arrested by Special Agents of the FBI in February 2004. The credit union contacted federal authorities after an audit revealed that funds had been embezzled. Doyle pleaded guilty to one count of embezzlement from the federally-insured credit union.

Christie credited Special Agents of the FBI, under the direction of Special Agent in Charge Leslie Wiser, Jr., and Postal Inspectors with the U.S. Postal Inspection Service, under the direction of Postal Inspector in Charge Thomas C. Van de Merlen, with developing the case against Doyle.

The case was prosecuted by Assistant U.S. Attorney Thomas R. Calcagni.

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Defense Counsel: Lisa Mack, Esq. Federal Public Defender's Office, Newark