Stamford Woman Charged with Fraud Offense Stemming from Embezzlement Scheme
John H. Durham, United States Attorney for the District of Connecticut, and Patricia M. Ferrick, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, today announced that a grand jury in New Haven returned an indictment yesterday charging CANDACE RISPOLI, 31, of Stamford, with one count of wire fraud stemming from an embezzlement scheme.
RISPOLI appeared today before U.S. Magistrate Judge Sarah A. L. Merriam in New Haven and was released on a $100,000 bond.
As alleged in the indictment, from approximately January 2012 until June 2016, RISPOLI was employed by Lodestone Management Consultants, later known as Infosys Consulting (the “Company”). Beginning in approximately 2013, RISPOLI worked for the Company from former home in East Haven, which she shared with her then-boyfriend, Michael Miano. In her capacity as a Company employee, RISPOLI had an American Express credit card to use to pay for travel, entertainment and other business expenses incurred by the Company’s employees and potential employees.
The indictment alleges that, from approximately 2013 until June 2014, RISPOLI wrongfully charged her own and Miano’s personal expenses to the Company’s American Express card. RISPOLI also wrongfully transferred funds from the Company’s American Express card to PayPal and Venmo accounts controlled by RISPOLI and Miano. To conceal her scheme, RISPOLI altered the Company’s American Express account statements and created false billing summaries, which she emailed to the Company’s accounting firm.
It is alleged that RISPOLI and Miano stole at least $800,000 as part of this scheme.
If convicted of the charge in the indictment, RISPOLI faces a maximum term of imprisonment of 20 years.
U.S. Attorney Durham stressed that an indictment is not evidence of guilt. Charges are only allegations, and each defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.
On September 1, 2017, Miano, 31, of Branford, waived his right to be indicted and pleaded guilty to one count of conspiracy to commit wire fraud. He is released on a $100,000 bond pending sentencing.
This investigation is being conducted by the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorneys Heather Cherry and Jonathan Francis.