According to the Lawrence Eagle Tribune, a fifty six year old North Andover resident Craig Bogosian was arraigned in the Lawrence District Court and charged with larceny by a single scheme of over one million dollars. It is alleged that Bogosian accepted millions from a friend and business associate, also from North Andover, under the guise of expanding his business which sold promotional items to companies that printed the company’s name or logo on shirts, hats and pens. The North Andover Police Department believes that Bogosian’s former friend is out $1.3 million and the police do not know what Bogosian did with the money. According to the Tribune, the funds wired to Bogosian from his former associates company were to be used to finance an expansion of Bogosian’s company. The transferred funds were never used for the business and Bogosian landed himself in the Lawrence District Court answering to these charges.
A person convicted of the felony charge of larceny by scheme faces up to five years in state prison or two years in jail. In Massachusetts, larceny is defined as the unlawful stealing of the personal property of another with the intent to deprive the person of the property permanently. See, M.G.L.A. 266 § 30. Conviction of larceny by false pretenses requires proof that: (1) the defendant knowingly made a false statement of fact; (2) defendant intended that the person to whom the false statement was made would rely on its truth, (3) such person did rely upon the false statement, and (4) person parted with personal property based upon such reliance. Here the government is alleging that Bogosian improperly told his colleague that monies he provided would be used for business purposes and the colleague relied on this representation and provided the cash. However, it is alleged that the funds were not used for the proper purpose and the victim is out over one million dollars. What Bogosian did with the monies apparently remains a mystery. Bogosian is currently scheduled to return to court on April 10, 2009.
If you are charged with larceny, larceny by false pretenses, embezzlement or any property crime it is important to contact an experienced defense attorney as soon as possible. Our Attorney is an experienced trial attorney who has defended clients facing these types of charges in numerous Massachusetts courts. If you find yourself facing criminal charges contact Our Attorney . Our Attorney routinely appears in courts all around the Commonwealth including Lawrence, Lowell, Newburyport, Salem, Peabody and Brighton.