Monday, March 23, 2009
Rhode Island Woman Already Charged With Bilking Non-Profit, Now Charged With Separate $400K Embezzlement
Louise A. DiStefano, 54, of Westerly, Rhode Island, has been charged with embezzling more than $400,000 from Koolco Inc., an HVAC company where she was employed as a bookkeeper. DiStefano was already facing charges she embezzled $209,000 from Turning Pointe Therapeutic Riding, a non-profit based in Ashaway, Rhode Island. At the time of her arrest in late January, cash was seized at her home as well as marijuana, and authorities also charged her with possession. In the Koolco case, DiStefano is alleged to have deposited checks meant for the company into her own accounts. DiStefano has a prior criminal record having plead guilty in 2005 to embezzling some $14,000 from the North Stonington Elementary School in Connecticut where she had been employed. She received a 4 year suspended sentence in that case.