Gregory Mathieu, a former employee of the New York City Employees' Retirement System, admitted to embezzling $624,000 from retirees over nearly three years. Pleading guilty to corrupting the government, he redirected pension payments into his accounts, stealing funds from a deceased supervisorâs pension and a retired MTA employee. His extravagant spending included luxury fashion items and extensive travel. He has been ordered to pay restitution and is scheduled for sentencing in September, having resigned from his position as part of the plea deal.
Mathieu used his employment with the New York City Employees' Retirement System to steal hundreds of thousands of dollars from city retirees and the city's pension system.
Mathieu pleaded guilty to corrupting the government in the first degree in exchange for a promised sentence of one to three years in prison.
Prosecutors detailed how Mathieu redirected pension payments into his own accounts over a span of nearly three years, stealing substantial amounts from two retirees.
He spent the stolen money on luxury goods and travel, making substantial cash withdrawals and indulging in extravagant purchases.
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