PORTLAND, Maine — A Saco man was sentenced Monday in U.S. District Court to two years in federal prison for stealing more than $600,000 from his employer, the Jordan Group, between October 2008 and January 2011.
Joel Bailey, 33, who worked as a bookkeeper for the firm, also was sentenced to three years of supervised release.
In addition to prison time, U.S. District Judge Nancy Torresen ordered him to pay $603,350 in restitution.
She ordered Bailey to report to federal prison on Oct. 17. He remains free on personal recognizance bail.
Bailey waived indictment and pleaded guilty in June to wire fraud.
He was hired by the Jordan Group in 2006 to work in its Scarborough office, according to the prosecution’s version of events to which he pleaded guilty. Two years later, the owner moved to Dallas but Bailey continued to work for the firm.
In 2006, Jordan Group opened a line of credit, according to the prosecution. Bailey admitted writing checks from that account to himself and his technology company, Noosphere Technologies, over a nearly 2½-year period. Bailey also wrote checks to himself and his firm, forging his boss’s signature.
He faced up to 20 years in prison and a fine of up to $250,000.