Former Bank Employee Pleads Guilty To Fraud, Tax Charges

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.)

Comments

More From CBS Connecticut

Win Red Sox Tickets All Season
Price Chopper Supermarkets Presents Retail Food Rescue Program

Listen Live