John H. Durham, United States Attorney for the District of
Connecticut, announced that STEPHEN CARBONELLA, 59, of Hamden, pleaded guilty
today in Hartford federal court to embezzling funds from his employer, Webster
Bank Corporation, where he served as bank manager of the Orange branch office.
According to court documents and statements made in court,
between approximately 2003 and 2017, CARBONELLA withdrew $879,016.48 from
approximately 20 account holders’ certificate of deposit (CD) accounts at
Webster Bank, without the knowledge or consent of the account holders, and used
the embezzled funds for his own purposes.
He also took steps to conceal his misconduct, including by forging
signatures and falsifying documents.
CARBONELLA pleaded guilty to one count of embezzlement by a
bank officer or employee, an offense that carries a maximum term of
imprisonment of 30 years. He is
scheduled to be sentenced by U.S. District Judge Robert N. Chatigny on December
4, 2018.
CARBONELLA has been released on a $200,000 bond since his
arrest on July 3, 2018.
This matter is being investigated by the Federal Bureau of
Investigation and prosecuted by Assistant U.S. Attorney John T. Pierpont, Jr.
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