Simsbury Woman Pleads Guilty to Defrauding Company of More Than $500,000
John H. Durham, United States Attorney for the District of Connecticut, and Brian C. Turner, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that PAMELA HILL, 55, of Simsbury, waived her right to be indicted and pleaded guilty today before U.S. District Judge Jeffery A. Meyer in New Haven to one count of wire fraud related to an embezzlement scheme.
According to court documents and statements made in court, between 2013 and 2018, Hill embezzled $518,161.48 from a company where she was employed as a controller. Hill wrote company checks to herself, applied signature stamps with the owner’s signature to the checks, and deposited the checks into her own bank account. She also issued electronic payments to her bank account and disguised the payments to make them appear to payments to vendors. When the company’s CFO questioned Hill about a vendor payment in December 2018, Hill provided the CFO with an altered bank statement that falsely reflected the payment had been credited back to the company’s account.
The investigation also revealed that Hill defrauded a separate individual for whom she provided bookkeeping services.
Judge Meyer scheduled sentencing for March 2, 2020, at which time Hill faces a maximum term of imprisonment of 20 years. Hill is released on a $100,000 bond pending sentencing.
This matter is being investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Jennifer Laraia.