Jail sentence for former financial chief of US company founded by Kerry siblings

Padraig Naughton, chief financial officer for Navillus, arrives at Brooklyn Federal Court on June 27, 2023 in New York. Picture: Yuki Iwamura

The former financial controller of a major New York construction company founded by Kerry siblings has been sentenced to jail for his role in a payroll scheme that defrauded unions of funds intended for the benefit of union workers.

Pádraig Naughton (50), former financial chief at Navillus, founded by Ballinskelligs natives Dónal, Kevin and Leonard O’Sullivan in the 1980s, was sentenced to one year and one day in prison for each of 11 counts of wire fraud, mail fraud, embezzlement from employee benefits funds, submission of false remittance reports to union benefits funds, and conspiracy to commit those crimes – to run concurrently.