CONCORD, N.H. (MyKeeneNow) A Hinsdale man has been federally indicted on accusations that he stole nearly $345,000 from his employer over the course of five years by forging checks and falsifying accounting records.

According to the U.S. Attorney’s Office for the District of New Hampshire, Michael Darcy, 48, was charged with five counts of bank fraud following a federal grand jury indictment. Prosecutors say Darcy, who worked as operations manager for the unnamed company, had access to its checkbook and used that authority to issue dozens of unauthorized checks to himself between December 2019 and December 2024.

Investigators allege Darcy forged the company owner’s signature and disguised the payments in the company’s books under misleading categories. In some cases, he reportedly wrote false descriptions in the memo lines of checks — including one for $5,722 labeled “stamps” in December 2023.

In total, Darcy is accused of taking $344,874.47, according to court documents.

If convicted, Darcy faces up to 30 years in prison, up to three years of supervised release, and a potential $1 million fine. Sentencing, if it occurs, would be determined by a federal district court judge under U.S. sentencing guidelines.

The case was investigated by the Hinsdale Police Department, the Federal Bureau of Investigation, and the IRS Criminal Investigation Division.