ALBANY, N.Y. (NEWS10) – The fallout continues in The Parker Brothers embezzlement case.
The investigation has been ongoing for two years. Through it all Fiet insisted he didn’t have anything to do with stealing money from his former employer. But the threat of a grand jury indictment made a difference.
He remained silent outside the courtroom, but inside, he spoke before the judge and admitted that he and a former coworker stole the proceeds from Parker Brothers. He pleaded guilty to charges of Grand Larceny and Falsifying Business records.
The quiet skimming off the top ended abruptly in 2013 when a Parker Brothers vendor noticed a discrepancy in an invoice and went to the owners.
An internal audit and subsequent criminal investigation placed the theft at $65,000. Sources close to the investigation believe the true tally is actually $300,000, but it was difficult to prove.
Fiet’s attorney, E. Stewart Jones, said the guilty plea did not finish Fiet’s law enforcement career or the comfort he gave grieving families.
“Very few lives go through their entirety without mistakes being made,” he said.
As part of his plea deal, Fiet agreed to serve one to three years in prison, must pay restitution not to exceed $65,000, and he must testify against his former coworker, Sam Catalano.