Candace Rispoli, 32, of Stamford, is headed to federal prison after being sentenced to 12 months and one day for stealing more than $1 million from her employer, Infosys Consulting. U.S. District Judge Victor A. Bolden handed down the sentence in Bridgeport, adding three years of supervised release with the first six months to be served in home confinement. Rispoli must also pay $1,098,176 in restitution.
From January 2012 to June 2016, Rispoli worked for Lodestone Management Consultants, later rebranded as Infosys Consulting. By 2013, she was operating remotely from her East Haven home, where she lived with her then-boyfriend, Michael Miano. As a trusted employee, she was issued a company American Express card to cover business-related travel, entertainment, and hiring expenses for staff and recruits.
Instead of using the card for legitimate costs, Rispoli ran up more than $250,000 in personal charges—covering everything from luxury goods to everyday living expenses for herself and Miano. She then escalated the fraud by funneling over $800,000 from the company’s AmEx account into PayPal and Venmo accounts she and Miano controlled, draining the company’s funds with cold precision.
To hide the theft, Rispoli doctored American Express statements and fabricated billing summaries, which she emailed directly to the company’s accounting firm. The falsified records masked the theft for years, allowing her to maintain the illusion of legitimacy while siphoning off hundreds of thousands in company money.
Rispoli pleaded guilty to one count of wire fraud on June 24, 2018. Her freedom didn’t last—on May 13, 2019, her bond was revoked and she’s been in custody ever since. Her co-conspirator, Michael Miano, 38, of Branford, pleaded guilty on September 1, 2017, to one count of conspiracy to commit wire fraud. He remains awaiting sentencing.
The FBI led the investigation into the embezzlement ring, uncovering the digital trail of falsified records and illicit transfers. Assistant U.S. Attorneys Heather Cherry and Jonathan Francis prosecuted the case, securing a conviction that underscores the reach of federal authorities in financial crime crackdowns. Rispoli’s fall from corporate employee to federal inmate marks another chapter in Connecticut’s ongoing battle with white collar crime.
Related Federal Cases
- Rosemarie Colazzo Sentenced for $700K Embezzlement Scheme · Connecticut
- Rebecca Block Pleads Guilty in $190K Embezzlement Scheme · Connecticut
- New York Resident Sentenced for ATM Skimming Scheme · Rhode Island
- Carlton P. Cabot Jailed 10 Years for $17M Elder Investor Scam · New York
- Michelle Lefaoe Sentenced in $3M Homeowner Fraud Scheme · Connecticut
Key Facts
- State: Connecticut
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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