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Chicago area businessman gets nearly 6 1/2 years for embezzling $1.85 million from COVID-19 testing kit company

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COVID-19,Fraud,Embezzlement

Dennis Haggerty admitted he embezzled the money from his Willowbrook-based company while already facing charges for swindling two hospitals.

CHICAGO -- The former chief operating officer of a COVID-19 testing kit company has been sentenced to an additional 6 years and 5 months in prison, after he admitted to embezzling more than $1.85 million while already facing charges for a prior fraud scheme.Dennis Haggerty, 48, of Burr Ridge, pleaded guilty earlier this year to wire fraud, admitting he embezzled the money from his Willowbrook-based company's bank account while a separate federal fraud case against him was still pending.

That sentence must be served after Haggerty completes an earlier sentence of 4 years and 9 months in prison for the fraud case he was already facing when he was indicted in the embezzlement case.In that earlier case, Haggerty pleaded guilty in 2022 to ripping off hospitals at the beginning of the COVID-19 pandemic, admitting he took millions of dollars from hospitals in exchange for personal protective equipment he never provided.

 

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