53°
Stamford resident Candace Rispoli, 32, was sentenced in Bridgeport district court to 12 months and one day in prison, followed by three years of supervised release for embezzling $1,098,176 from Lodestone Management Consultants.
The first six months of Rispoli’s supervised release will be served in home confinement and she has also agreed to pay full restitution after pleading guilty to wire fraud in June last year.
U.S. Attorney John Durham said that from January 2012 through June 2016, Rispoli was employed by Lodestone Management - later known as Infosys Consulting - and worked from her former home in East Haven, which she shared with then-boyfriend Michael Milano.
Beginning in 2013, 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.
From 2013 through July 2016, Durham said that Rispoli charged more than $250,000 of her own and Miano’s personal expenses to the company’s American Express card. Rispoli also fraudulently transferred more than $800,000 in funds from the company’s American Express card to PayPal and Venmo accounts controlled by Rispoli and Miano.
In an effort 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.
Rispoli has been detained since May 13, when her bond was revoked, Durham noted. On Sept. 1, 2017, Milano pleaded guilty to one count of conspiracy to commit wire fraud related to this scheme. He awaits sentencing.
Click here to follow Daily Voice Stamford and receive free news updates.
