NY Dental CFO Accused of Embezzling $300k from Practice — has previous conviction for embezzlement

Beekmantown man accused of embezzlement, falsifying business records

Kevin J. Conroy, 32, arrested

UPDATED 7:37 PM EDT May 24, 2016

kevinconroy

LAKE PLACID – A chief financial officer of a Lake Placid dentist office was charged Monday with embezzling more than $300,000 from it and another North Country business.

Following a three-month investigation, state police charged Kevin Conroy, 32, of Beekmantown with two counts of grand larceny in the second degree, two counts of falsifying business records, three counts of forgery in the third degree and one count of grand larceny in the third degree.

Conroy was the CFO for High Peaks Dental Professional Partnership, which had an office in Lake Placid until December, and High Peaks Realty, which is based in Plattsburgh. according to a state police press release. The police investigation found that Conroy embezzled more than $300,000 between March 2012 and December 2015, the time period of his employment for the companies.

This was not the first time Conroy was accused of embezzling from a North Country business. In 2011, Conroy was accused of scamming more than $11,000 from his former employer, Curtis Lumber’s Plattsburgh store, according to a 2011 Press-Republican article,

Conroy was arraigned in the town of Plattsburgh court and was released after posting a $50,000 bond. He is scheduled to reappear in court on June 20.

Nikki Burdo, office manager of High Peaks Dental Professional Partnership, said Conroy was discharged from the practice on Dec. 23 of last year for reasons unrelated to the embezzlement charges. She added that “red flags” regarding his employment came up after he was let go.

“At that time, (High Peaks Dental Professional Partnership) doctors were unaware of the situation,” she said. “But talking to their financial advisers, red flags came up after the fact.”

State police spokesman Trooper Kyle Otis said the investigation began when Conroy’s employer reported their concerns to police in February.

The owners of High Peaks Dental Professional Partnership are dentists William Caldon and Michael O’Connor, who practiced out of Lake Placid until December of last year. Burdo said Conroy primarily worked out of the company’s Plattsburgh office but had worked in Lake Placid during his time with the company. She added that the company’s departure from its Lake Placid office was unrelated to Conroy’s charges.

Burdo said High Peaks Dental and High Peaks Realty are two separate businesses, but Caldon and O’Connor have a business partner on the realty side. Burdo said Conroy, in his role, took care of finances and served as a property manager for High Peaks Realty.

“Our primary focus has been working with our patients and trying to provide the best possible care for them,” Burdo said. “Business as usual.”

The 2011 Press-Republican article said state police believed Conroy ran a scheme for several months where he forged billing orders and merchandise-return paperwork at Curtis Lumber so he could get monetary credit on his personal account there.

He was arrested in August 2011 on charges of third-degree grand larceny, first-degree falsifying business records and third-degree criminal possession of a forged instrument, but he pled guilty to lesser charges, petty larceny and filling a false instrument in the second degree, and paid a $200 fine, according to the Plattsburgh town court.

 


Do you have questions about embezzlement?  Give Prosperident a call at 888-398-2327 or send an email to requests@dentalembezzlement.com

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