Eight Year Sentence In Former Bank Exec’s Scheme
BRIDGEPORT, Conn. (AP) _ A Naugatuck woman has been sentenced to more than eight years in prison for participating in a scheme to defraud Webster Bank and Bank of America of $6 million.
Susan Curtis was sentenced Thursday in U.S. district court in Bridgeport. She pleaded guilty to bank fraud and tax charges.
Federal authorities say 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 and her husband established.
U.S. Attorney David Fein said Curtis stole from her employer to buy luxuries such as cruises and artwork. He said the lengthy prison term is appropriate.
Her husband, Kevin Caffrey, is awaiting sentencing after pleading guilty to bank fraud and filing a false tax return.
(Copyright 2012 by The Associated Press. All Rights Reserved.)