MONTPELIER — James Pumpelly is scheduled to be sentenced next month for crimes he committed while running a property management business in Montpelier from 2007 to 2008.
Pumpelly, now in his mid-60s, could receive up to 10 years in prison and be fined up to $250,000 for each of the two federal charges he pleaded guilty to in June.
In February 2009, a federal grand jury indicted Pumpelly on five counts relating to his embezzlement schemes, which were carried out while he was running Parkside Management and Rentals Company LLC.
By pleading guilty to two of the five charges, the remaining three charges — two counts of bank fraud and another of theft of government money — are expected to be dismissed at sentencing, officials said.
Assistant U.S. Attorney Gregory Waples said Pumpelly also will be ordered by the court to pay restitution to some of his victims, which could exceed $200,000. Whether Pumpelly actually has any assets or money to pay restitution is another matter.