Watertown Man Sentenced to 41 Months in Prison for Stealing Over $1 Million from Employer

The 35-year-old man pleaded guilty to wire fraud after making unauthorized credit card purchases and cash advances.

A Watertown man received a sentence of more than three years in prison for stealing more than $1 million from his former employer, Iron Mountain.

John J. Palandjian, 35, was given a 41 month (3 year, 5 month) sentence from Federal Court Judge Mark L. Wolf, according to U.S. Attorney Carmen Ortiz's office. He will also have three years of supervised release and must pay $7,500 in fines and pay $1.148 million in restitution.

Palandjian pleaded guilty to 10 counts of wire fraud in October 2012, after being accused of stealing the money from his employer. According to a release from Ortiz's office:

From August 2010 to June 2011, Palandjian used Iron Mountain’s credit card to make unauthorized purchases and cash advances in excess of $1,148,000. Palandjian then altered the monthly credit card statements to hide his unauthorized charges and ensured that the bills were paid.

He could have faced up to 20 years in prison and a $250,000 fine for his offenses. Before sentencing, Palandjian had requested a sentence of 33 months. 

The case was prosecuted by Assistant U.S. Attorney Kristina E. Barclay of Ortiz’s Public Corruption and Special Prosecutions Unit.

Dawn January 29, 2013 at 12:32 AM
3 yrs. for stealing over1 million, that is minimal. Retribution, can't that be tithed into the Kingdom of God? "Thou shalt not steal". Turn a dollar over & read " In God we Trust" Prisons are filled with those who were not taght who to honour. First is God! It sends the message.
Nathanael Pine January 29, 2013 at 02:54 PM
I suspect the sentence is relatively lenient because he's paying back a good chunk of the money. Were the money "gone" he would have a lot more time on his sentence.
Mr Bruce January 30, 2013 at 05:51 PM
Less than 3.5 years for over a million dollars???? Are you kidding me??? There are people locked up for much longer for alot less $ . How is he going to pay back 1.1+ million???


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