BOSTON, MA - A Topsfield man was charged yesterday in federal court with multiple counts of mail fraud and money laundering arising from his scheme to defraud the clients of his former employer, Tenens Corporation.

United States Attorney Michael J. Sullivan and Jerry Cormody, Acting Postal Inspector In Charge of the U.S. Postal Inspection Service, Boston Division; Warren T. Bamford, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division; and Joann Zuniga, Acting Special Agent in Charge of Internal Revenue Criminal Investigation - Boston Field Division, announced today that JOHN F. DOORLY, age 60, was charged in an Indictment that alleges that DOORLY misappropriated more than $20,000,000 from trust beneficiaries whose wealth was managed by Tenens Corporation. The Indictment alleges that DOORLY, Tenens Corporation's Chief Operating Officer and an employee for more than thirty years, used his position of trust with the company to steal funds for his own purposes including the purchase of real estate, cars, three airplanes, timeshares and golf club memberships for himself, his family and friends; investments in businesses, real estate developments, and construction projects for DOORLY's benefit; and unsecured loans to DOORLY's friends and acquaintances. DOORLY concealed his misappropriations by means of wrongful manipulations of the internal trust accounting system, and caused false accounting statements to be mailed to trust beneficiaries that further concealed his actions.

If convicted on these charges, DOORLY faces up to 20 years imprisonment, to be followed by 5 years of supervised release, and a $ 250,000 fine.

The case was investigated by the U.S. Postal Inspection Service, Federal Bureau of Investigation and Internal Revenue Service. It is being prosecuted by Assistant U.S. Attorney Lori J. Holik of Sullivan's Economic Crimes Unit.

The details contained in the indictment are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.