GREENWICH, Conn. -- Claire Balducci, 47, of Stratford was sentenced to two years in prison followed by three years of supervised release on Monday after being found guilty of embezzling approximately $1 million from her Greenwich employer, the U.S. Attorney for the District of Connecticut announced.
According to a press release of court documents and statements, Balducci worked as the office manager for a private investment company based in Greenwich. As office manager, she had access to six business bank accounts.
Between approximately September 2008 and November 2011, Balducci issued numerous checks from the firm’s business accounts payable to herself, to “cash” and to third-party vendors, all of which she deposited in her personal bank account, the press release said.
Balducci also opened a credit card account in the name of the managing partner of the victim company and authorized herself as a co-user of the account, the U.S. Attorney's release said. She then made unauthorized charges for personal expenses on the account. Through these schemes, the U.S. Attorney said Balducci embezzled approximately $1 million.
Chief District Judge Alvin Thompson announced the sentence in Hartford and also ordered her to pay $995,000 in restitutions.
Balducci pleaded guilty to charges of wire fraud on Dec. 12, 2012. She began serving her sentence Monday.
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