News and Press Releases

PARALEGAL SENTENCED TO 41 MONTHS IN FEDERAL
PRISON FOR STEALING MORE THAN $120,000 IN LOAN FUNDS

FOR IMMEDIATE RELEASE
February 29, 2012

David B. Fein, United States Attorney for the District of Connecticut, announced that STACEY WILLIAMS, 39, of Trumbull, was sentenced today by Senior United States District Judge Ellen Bree Burns in New Haven to 41 months of imprisonment, followed by five years of supervised release, for stealing more than $120,000 in loan funds while working as a paralegal at a Stamford law firm.

According to court documents and statements made in court, in 2007, while she was employed as a paralegal at a law firm in Stamford, WILLIAMS was assigned to handle a home equity loan application on behalf of a client.  The client had applied for the loan from Countrywide Home Loans, a division of Countrywide Bank, FSB, based in California.  In December 2007, the client informed WILLIAMS that he no longer wanted to secure the loan from Countrywide.  However, WILLIAMS applied for the loan in the client’s name and Countrywide wired $149,824 into the law firm’s bank account in Connecticut.  Between January 2008 and May 2008, WILLIAMS withdrew $123,956.33 from the account, which she used for her personal benefit.

Today, Judge Burns ordered WILLIAMS to pay full restitution.

This investigation was conducted by the Connecticut Financial Crimes Task Force, notably the United States Secret Service and the Greenwich Police Department.  The Task Force also includes members of the United States Postal Inspection Service; the United States Department of State, Bureau of Diplomatic Security; the Connecticut State Police; and the Glastonbury, Hartford, New Haven and Shelton Police Departments.

The case was prosecuted by Assistant United States Attorney Rahul Kale.

PUBLIC AFFAIRS CONTACT:

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

 

 

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