Bridgeport, Conn. — Rosemarie Colazzo, a 52-year-old resident of Yonkers, N.Y., has been sentenced to 24 months in federal prison for her role in a $700,000 embezzlement scheme.
Colazzo was employed by Abbey National Treasury Services, PLC, in Stamford when she executed the fraudulent scheme over six years. She falsified invoices and had them approved, then deposited the payments into her personal account.
The U.S. Attorney for the District of Connecticut, Deirdre M. Daly, announced the sentence imposed by U.S. District Judge Stefan R. Underhill in Bridgeport. Colazzo also faces three years of supervised release following her prison term.
According to court documents, Colazzo prepared about 150 fraudulent invoice packages between 2010 and 2016, resulting in a total loss of $772,242 for the company. Additionally, she misappropriated vendor refund checks on at least three occasions.
On January 20, 2017, Colazzo pleaded guilty to one count of wire fraud. The investigation was conducted by the Federal Bureau of Investigation and Greenwich Police Department, with prosecution handled by Assistant U.S. Attorney Christopher W. Schmeisser.
Judge Underhill has ordered Colazzo to pay full restitution to her employer. This case serves as a stark reminder of the consequences faced by those who betray their employers through embezzlement.
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Key Facts
- State: Connecticut
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: Official Source ↗
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