Yonkers Woman Pleads Guilty in $700K Fraud Scheme

GRIMY TIMES EXCLUSIVE: Rosemarie Collazo, a 51-year-old resident of Yonkers, N.Y., has pleaded guilty to wire fraud after embezzling over $700,000 from her employer, Abbey National Treasury Services, PLC. The scheme spanned seven years, from 2010 to 2016.

Court documents reveal Collazo’s elaborate plan, where she would prepare fraudulent duplicate invoice packages and deposit the corresponding checks into her personal account. Her manipulations went undetected until a thorough audit by her employer exposed the theft. In addition to the fraudulent invoices, Collazo also misappropriated vendor refund checks, further boosting her total haul to $772,242.

Today’s plea comes before U.S. District Judge Stefan R. Underhill in Bridgeport. Sentencing is scheduled for April 14, 2017, where Collazo faces up to 20 years in prison.

The investigation into Collazo’s crimes was led by the Federal Bureau of Investigation and Greenwich Police Department. Assistant U.S. Attorney Christopher W. Schmeisser will be handling the prosecution.

This is another stark reminder of the lengths some individuals will go to for financial gain, even at the expense of their own careers and reputations.

Stay tuned as Grimy Times continues to bring you the inside scoop on this and other high-profile cases.