News and Press Releases

WESTBROOK MAN WHO EMBEZZLED FROM
EMPLOYER IS SENTENCED TO 51 MONTHS IN FEDERALPRISON

FOR IMMEDIATE RELEASE
September 7, 2011

David B. Fein, United States Attorney for the District of Connecticut, announced that PHILIP J. MONGILLO, 51, of Westbrook, was sentenced today by United States District Judge Vanessa L. Bryant in Hartford to 51 months of imprisonment, followed by three years of supervised release, for embezzling more than $1 million from his employer.

According to court documents and statements made in court, MONGILLO was the Assistant Vice President and Technology Officer for a Connecticut-based financial institution.  MONGILLO’s responsibilities included ensuring the effective functioning of the bank’s hardware and software systems, and supporting the operation of the bank’s information technology systems.  In approximately September 2001, MONGILLO created a fictitious company for the purpose of issuing false invoices to the bank.  These false invoices purported to charge the bank for technology support services, which MONGILLO knew had not been rendered.  MONGILLO set up a post office box and a business checking account in the fictitious company’s name.  He then caused the bank to issue payments to the fictitious company based on the false invoices.  MONGILLO deposited the payments in the business checking account he had established, and then used the funds for his own use.  MONGILLO continued the scheme through November 2010, stealing approximately $1,029,050 from his employer.

Today, Judge Bryant ordered MONGILLO to pay full restitution to the victim bank. MONGILLO also has agreed to a permanent bar from employment with any depository institution insured by the Federal Deposit Insurance Corporation.

On June 7, 2011, MONGILLO waived his right to indictment and pleaded guilty to one count of bank theft.

This matter was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant United States Attorney Christopher M. Mattei.

Citizens are encouraged to report any financial fraud schemes by calling, toll free, 855-236-9740, or by sending an email to ctsecuritiesfraud@ic.fbi.gov.

PUBLIC AFFAIRS CONTACT:

U.S. ATTORNEY'S OFFICE
Tom Carson
(203) 821-3722
thomas.carson@usdoj.gov

 

 

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