FAIRFIELD, CT – A seemingly trustworthy financial executive lived a double life, systematically draining over $1.5 million from her employer over a two-year period. CAROLINA GUERRENO, 49, of Fairfield, pleaded guilty today to wire fraud, admitting to the elaborate scheme that funded her personal lifestyle.
Guerreno, formerly the Chief Financial Officer of a Shelton-based financial services company, abused her position of trust. Court documents reveal she had full access to company bank accounts and the authority to initiate transactions. From January 2019 until February 2021, when the theft was finally discovered, Guerreno rerouted $1,532,207.24 into her own pockets.
The scheme wasn’t a single, large heist. Guerreno meticulously altered company financial transactions, diverting funds to her credit card accounts, personal bank accounts, and even using the stolen money to pay down her home equity line of credit. The method was calculated and sustained, demonstrating a brazen disregard for her employer and the law.
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced the guilty plea. U.S. District Judge Michael P. Shea accepted the waiver of indictment and the guilty plea in Hartford. Guerreno now faces a maximum sentence of 20 years imprisonment for the single count of wire fraud. Sentencing is scheduled for November 28th.
The U.S. Secret Service led the investigation, working in conjunction with the Wallingford Police Department and the Connecticut Financial Crimes Task Force. The agency’s focus on complex financial crimes brought Guerreno’s scheme to light. Assistant U.S. Attorney Ray Miller is prosecuting the case, aiming to deliver a sentence that reflects the scale and audacity of the fraud.
Currently, Guerreno remains free on a $50,000 bond while awaiting sentencing. This case serves as a stark reminder that even those in positions of power and trust are not immune to prosecution when they choose to engage in criminal activity. The Grimy Times will continue to follow this case as it moves towards its conclusion.
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Key Facts
- Agency: U.S. Secret Service
- Category: Fraud & Financial Crimes
- Source: Official Press Release
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