Hamden man gets prison for embezzling $879K from Orange bank
HARTFORD — A Hamden man who embezzled nearly $900,000 for personal use was sentenced Tuesday to nearly two years in prison.
Stephen Carbonella, 60, will serve 21 months in prison, followed by three years of supervised release, for embezzling the money from the Orange branch office of Webster Bank where he was a manager, a news release said. The judge also ordered him to serve the first six months of his supervised release in home confinement and to pay restitution.
Carbonella pleaded guilty to one count of embezzlement by a bank officer or employee on Sept. 12.
“Between approximately 2003 and 2017, Carbonella withdrew $879,016.48 from approximately 20 account holders’ certificate of deposit accounts at Webster Bank, without the knowledge or consent of the account holders, and used the embezzled funds for his own purposes,” the release said. Carbonella also concealed his actions by forging signatures and falsifying documents, according to court documents and statements made in court, the release said.
Carbonella is free on $200,000 bail and is required to report to prison Jan. 29, 2019.