A Hamden man is accused of embezzling more than $850,000 from the bank he worked at in Orange and has been arrested.
A federal grand jury in New Haven returned an indictment yesterday alleging that Stephen Carbonella, 59, of Hamden, embezzled funds from Webster Bank Corporation, where he served as bank manager of the Orange branch office, according to the office of John Durham, United States Attorney for the District of Connecticut.
Carbonella is accused of withdrawing more than $850,000 from account holders’ certificate of deposit accounts between 2003 and 2017 and forging signatures and falsifying documents.
He was charged with one count of embezzlement by a bank officer or employee.
Carbonella was arrested this morning, appeared in court and entered a plea of not guilty. He was released on a $200,000 bond.
