Monday, July 19, 2010

Connecticut Municipal Employee Charged With Embezzling $400K From City of Stamford

Fred Manfredonia, 59, of Branford, Connecticut has been charged with additional felony counts for allegedly embezzling nearly$400,000 from the City of Stamford, where he had been employed in the municipality's human resources department handling employee benefits. Manfredonia has been originally charged last May on embezzlement charges, but an forensic accounting audit turned up additional losses. The investigation showed Manfredonia allegedly stole about $359,000 from 2005 through 2010. The investigation also showed he took an additional $40,000 prior to 2005, but the statute of limitation precluded authorities with charging him for that misappropriation. The investigation revealed that Manfredonia fraudulently issued checks to himself.

Read the story here, here and here.
Update (1/7/11): Manfredonia was sentenced to 10 years in prison with 5 years suspended.

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