Former bank manager Stephen Carbonella, 60, of Hamden, has been sentenced to 21 months of imprisonment, followed by three years of supervised release, for embezzling $879,016.48 from CD accounts at Webster Bank Corporation.
According to court documents and statements made in court, Carbonella withdrew the funds 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.
U.S. District Judge Robert N. Chatigny ordered Carbonella to pay full restitution and sentenced him to serve the first six months of his supervised release in home confinement.
On September 12, 2018, Carbonella pleaded guilty to one count of embezzlement by a bank officer or employee.
Carbonella, who is released on a $200,000 bond, is required to report to prison on January 29, 2019.
The matter was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney John T. Pierpont, Jr.
Key Facts
- State: Connecticut
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
