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Federal prosecutors say 42-year-old Todd Olynciw entered the plea in U.S. District Court in Bridgeport and had been charged with mail fraud and tax evasion.
He had been employed as a project manager by The Hartford and was responsible for overseeing office renovations.
Olynciw admitted that he received about $400,000 in illegal kickbacks for steering some of the work and transferring furniture to two individuals and six entities from 1998 through July 2005. Authorities say he failed to report the kickbacks on his personal income tax returns. The company lost $876,437 as a result of the scheme, prosecutors say.
Olynciw faces up to 25 years in prison when he is sentenced March 24.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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