Hamden Man Embezzled $850K From Bank: Feds

HAMDEN, CT — A Hamden man is accused of embezzling more than $850,000 while working as manager of a Webster Bank branch in Orange. Stephen Carbonella, 59, was indicted by a federal grand jury and faces up to 30 years in prison if convicted of the charge, U.S. States Attorney for Connecticut John H. Durham announced in a press release. Carbonella was arrested Tuesday morning and appeared in New Haven federal court and pleaded not guilty and was released on a $200,000 bond.

According to the indictment and statements made in court, between approximately 2003 and 2017, Carbonella withdrew more than $850,000 from account holders’ certificate of deposit (CD) accounts at Webster Bank, without the knowledge or consent of the account holders, and used the embezzled funds for his own purposes. He also took steps to conceal his misconduct, including by forging signatures and falsifying documents, according to authorities.

The indictment charges Carbonella with one count of embezzlement by a bank officer or employee, an offense that carries a maximum term of imprisonment of 30 years.

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