HARTFORD – The owner of liquor stores in Stratford and New Milford was sentenced to 21 months in prison for embezzling more than $300,000 from his business partners.
Peter Turner, 58, of Burlington, pleaded guilty to one count of wire fraud and was sentenced by U.S. District Judge Michael P. Shea.
Turner was the managing partner of Two Buck Ring, LLC, a nine-member LLC that is the majority stake holder of The Bridge Fine Wine Spirits & Beer in New Milford. He also was a member of Spirited Endeavor, LLC, a 13-member LLC that does business as Town Line Fine Wine, Spirits & Beer in Stratford.
According to court documents, between November 2010 and February 2012, Turner, without the authority of other TBR members, wrote numerous checks from the TBR business accounts to himself and used the money for various personal expenses. Turner also prepared and disseminated to investors a fraudulent ledger in an effort to conceal his fraud, the documents show.
Through this scheme, Turner embezzled approximately $322,500.