A former bank manager pleaded guilty in federal court Wednesday to embezzling hundreds of thousands of dollars from his employer, according to the US Attorney’s Office.
Stephen Carbonella, 59, pleaded guilty to one count of embezzlement by a bank officer or employee, which carries a maximum sentence of 30 years.
According to court documents, Carbonella withdrew $879,016.48 from approximately 20 CD accounts at Webster Bank between 2003 and 2017 while working as a bank manager at the Orange branch office. He also tried to conceal the crime by forging signatures and falsifying documents.
Carbonella is scheduled for sentencing on Dec. 4, 2018.
