Former Massachusetts Bank Teller Pleads Guilty To $330K Misappropriation

Jeffrey C. Gautreaux, 26, of Peabody, Massachusetts, pleaded guilty last week to charges of bank fraud and identity fraud in connection with the misappropriation of more than $330,000 from Bank of America, where he had been employed as a teller. Specifically, Gautreaux plead guilty to 17 counts of bank fraud and one count of identity fraud for an embezzlement scheme that lasted from November 2004 until February 2006. Gautreaux made unauthorized withdrawals from customer accounts using customer data. A customer complaint led to an internal investigation resulting in the criminal charges against Gautreaux. He was originally charged last June and is scheduled to be sentenced on June 1, 2010.

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Read the DOJ announcement here.

Hat tip: Reader Joe

Serial Massachusetts Fraudster Now Charged With Embezzlement

Kimberlee Anne "Kim" Mastronardi, 50, of Marblehead, Massachusetts, was arrested yesterday and charged with embezzling from Bartlett & Steadman Plumbing, where she had been employed as office manager. Mastronardi, who handled payroll for the company, is alleged to have altered the payroll after approval but prior to submitting it to the payroll servicing company. According to investigators, Mastronardi's 2008 W-2 showed nearly $190,000 in income when she is paid $23 per hour. With approximately 2,000 working hours in a given year, Mastronardi would have earned about $46,000. Company owner Richard Steadman claims that Mastronardi has been embezzling from the company for five years. That could mean several hundred thousand dollars embezzled over that time period. We note that in 1998, Mastronardi was convicted on four counts of larceny, forgery and falsifying books and received a one year suspended sentence. In 2001, Mastronardi was charged with multiple counts of credit card fraud and identity fraud. Some of those charges were dismissed, but she plead guilty to others and received a 2 year suspended sentence in 2003.

Read the story here.