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Local News

Former Bank Employee Pleads Guilty To Fraud, Tax Charges

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HARTFORD, Conn. (AP) _ A Naugatuck woman has pleaded guilty to bank fraud and tax charges in a scheme to embezzle $6 million from Webster Bank, N.A., and Bank of America Corp.

Federal authorities say 49-year-old Susan Curtis was working for the property services division of Webster Bank when she duped it into paying $5 million in fees to two companies she set up with her husband.

She also admitted to submitting a false application for a $649,000 mortgage loan she received from Bank of America for a property in East Hampton, Conn.

Curtis pleaded guilty Thursday to charges including two counts of bank fraud, carrying a maximum prison term of 30 years.

Her husband, Kevin Caffrey, is awaiting sentencing after pleaded guilty in October to bank fraud and filing a false tax return.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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