Watertown Controller Accused of Stealing $100,000 from Company

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    Watertown Police
    Lorrie Cappello

    A financial controller for a Watertown company has been arrested, accused of stealing around $100,000 from the company over two years.

    Police said Lorrie Cappello, 59, of Wallingford, worked as a financial controller for a manufacturing business on Commercial Street in Watertown and is suspected of altering and forging signatures on around 40 checks made payable to herself.

    Police were contacted about the suspected theft when the corporate accountant noticed a financial anomaly, so authorities seized bank records.

    Detective investigates and determined that Cappello stole approximately $100,000 from the business over a two-year span, police said.

    Cappello was charged with larceny in first degree, 19 counts of forgery in the first degree and 19 counts of identity theft in the second degree.

    On 1/10/14, Watertown Police arrested

    Cappello was held on a $5000.00 bond and was arraigned on Jan. 27.