Hamden Man Sentenced For Embezzling Nearly $880K From Bank

HAMDEN, CT — A Hamden man was sentenced Tuesday to 21 months in federal prison for embezzling nearly $880,000 from Webster Bank where he worked as bank manager of the Orange branch office, U.S. States Attorney for Connecticut John H. Durham announced. Stephen Carbonella, 60, of Hamden, was also sentenced to three years of supervised release following the prison term. The judge ordered that Carbonella serve the first six months of his supervised release in home confinement.

According to court documents and statements made in court, between approximately 2003 and 2017, Carbonella withdrew $879,016.48 from approximately 20 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.

Carbonella was also ordered to pay full restitution. He pleaded guilty in September to one count of embezzlement by a bank officer or employee.

Carbonella, who is released on a $200,000 bond, is required to report to prison on Jan. 29, 2019.

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