Bank Manager Sentenced to Prison for Stealing More Than $500K from Customer Accounts
John H. Durham, United States Attorney for the District of Connecticut, announced that CARRIE CAESAR, 47, of New Britain, was sentenced today by U.S. District Judge Alvin W. Thompson in Hartford to 12 months and one day of imprisonment, followed by four years of supervised release, for embezzling funds from Webster Bank Corporation.
According to court documents and statements made in court, CAESAR was a long-time employee of Webster Bank where she served in a variety of roles, including bank teller, account manager and, most recently, as manager of the Avon branch office. Between 2003 and 2016, CAESAR withdrew at least $535,600 from account holders’ certificate of deposit (CD) accounts at Webster Bank, without the knowledge or consent of the account holders, used the embezzled funds for her own purposes, and took steps to conceal her misconduct.
CAESAR targeted primarily six customers, all of whom were at least 79 years old and with whom she had developed a relationship as an account manager.
Judge Thompson ordered CAESAR to pay $535,600 in restitution to the bank.
On February 13, 2017, CAESAR pleaded guilty to one count of theft, embezzlement and misapplication by a bank officer and employee.
CAESAR, who is released on a $150,000 bond, was ordered to report to prison on March 20, 2018.
This matter was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney John T. Pierpont, Jr.