HINSDALE, N.H. (MyKeeneNow) A Hinsdale man has admitted in federal court that he stole nearly $345,000 from the company where he worked by writing unauthorized checks over the course of five years.

According to the U.S. Attorney’s Office for the District of New Hampshire, 49-year-old Michael Darcy pleaded guilty Tuesday to five counts of bank fraud. U.S. District Judge Steven J. McAuliffe scheduled sentencing for Oct. 28.

Federal prosecutors said Darcy served as the company’s operations manager, a position that gave him access to the business’s checkbook and oversight of daily operations.

Investigators said that between December 2019 and December 2024, Darcy repeatedly forged the business owner’s signature on company checks and deposited or used the money without authorization. To avoid detection, prosecutors said he disguised the transactions by recording false payment descriptions in the company’s accounting records and, at times, writing misleading information in the checks’ memo lines.

Authorities said the scheme resulted in the theft of $344,874.47 from the business.

Each bank fraud conviction carries a maximum penalty of 30 years in federal prison, up to three years of supervised release and a fine of as much as $1 million. Any sentence will be determined by the court after considering federal sentencing guidelines and other statutory factors.

The investigation was conducted by the Hinsdale Police Department, the FBI and IRS Criminal Investigation. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

Michael Darcy of Hinsdale pleaded guilty in federal court to five counts of bank fraud after prosecutors said he embezzled nearly $345,000 from his employer over a five-year period.