Amherst Accountant accused of stealing $500,000 from employer

Amherst

AMHERST, N.Y. (WIVB)–An Amherst Accountant was virtually arraigned Friday for allegedly embezzling from his employer.

Erie County District Attorney John Flynn says 62-year-old Thomas Kiely of Amherst is accused of stealing $500,000 between March 1, 2015, and March 1, 2020, while working as an accountant for Kinequip, Inc.

Kiely allegedly sent checks on behalf of the business to a phantom company. The DA’s Office says Kiely was allegedly the sole owner of the phantom company.

He is due back on October 23 for a felony hearing and was released on his own recognizance.

Flynn says he’s charged with second-degree grand larceny and two counts of first-degree falsifying business records.

Troy Licastro is a digital content producer who has been part of the News 4 team since 2018. See more of his work here.

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