Darien resident Rockwell Gajwani pleaded guilty to one count of wire fraud and three counts of tax evasion for embezzling more than $1.6 million from Trevi Retail, a New York-based real estate investment company where he served as president and CEO between October 2011 and March 2013.
Gajwani was charged with siphoning the funds from the company via wire transfers, writing company checks to himself and making cash withdrawals from the corporate bank account. By the end of his employment, he had pocketed more than $940,000 in checks from the company”™s bank account, and wired over $1.7 million to his personal bank account ”“ more than $1.6 million than he was entitled to under his employment agreement with Trevi Retail. During this period, he did not file tax returns or pay taxes for either his legitimate salary or for the money he had secured through fraud.
As part of his plea, Gajwani agreed to pay $1,975,068.04 in restitution and $1,612,841 in forfeiture. He is scheduled to be sentenced on Sept. 12.
