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Bank Employee Sentenced to Prison for Embezzling Over $450,000
A former bank employee, Maria Rosa Esteves, 41, of Bridgeport, Connecticut, has been sentenced to 12 months and 1 day in prison for embezzling over $450,000 from People’s United Bank.
According to court documents, Esteves was employed by People’s United Bank from 1993 to 2014 and worked primarily in the bank’s Adjustments Department, ultimately holding the title of Lead Adjuster. She used her position to embezzle $452,122.08 from the bank by causing the bank to issue cashiers’ checks that Esteves would then use to pay persons or entities that she owed money to, including her utility company, homeowner’s insurance company, and mortgage providers.
Esteves also embezzled money by depositing cashiers’ checks into bank accounts she controlled and from which she, or others associated with her, were able to access the funds. In total, Esteves misappropriated more than 300 cashiers’ checks.
On August 14, 2014, Esteves pleaded guilty to one count of embezzlement from a federally insured bank.
Esteves was ordered to report to prison on March 2, 2015, and was sentenced to six months of home confinement and three years of supervised release. She was also ordered to pay full restitution and to perform 60 hours of community service during her term of supervised release.
This case was investigated by the Federal Bureau of Investigation and was prosecuted by Senior Litigation Counsel Richard J. Schechter.
Defendant/Respondent: Maria Rosa Esteves
Criminal Charges: Embezzlement from a federally insured bank
City and State: Bridgeport, Connecticut
Exact Date: August 14, 2014 (plea), March 2, 2015 (sentencing)
Sentence or Outcome: 12 months and 1 day in prison, followed by six months of home confinement, three years of supervised release, and 60 hours of community service
Dollar Amounts: $452,122.08
Key Facts
- State: Connecticut
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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