Boynton man gets two years for embezzlement he blames on gambling – Palm Beach Post

WEST PALM BEACH

A 59-year-old Boynton Beach man was sentenced to two years in prison and ordered to get help for a gambling problem that he claimed led him to embezzle roughly $1.7 million from construction companies where he worked.

Alan Gainsborg was also ordered by U.S. District Judge Kenneth Marra to pay $1.1 million in restitution to MSP Enterprises Inc. and PH Developers LLC, two Boynton Beach development companies owned by Michael Puder. He repaid roughly $560,000 and handed over the deed to his house when his scheme unraveled and he was fired in November 2015, according to court documents.

Gainsborg, who pleaded guilty in December to two charges of mail fraud, was allowed to remain free on bond. He is to turn himself in on April 24.

With the help of a Deerfield Beach man who wasnt charged, federal prosecutors claim Gainsborg sent fake invoices to Puder. When Puder questioned the bills, Gainsborg ran them through two general contractors. Those men, however, didnt know Gainsborg was stealing from Puder and didnt make any money on the scam, prosecutors said.

Gainsborg began working for Puder in July 2013. Puder is a developer of both commercial and residential projects, including the 130-home Waterview at Boynton Lakes, 115-home Montego Bay at Boca Pointe and The Grove, a 550-unit townhouse complex in Boynton Beach.

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Boynton man gets two years for embezzlement he blames on gambling - Palm Beach Post