A former employee of a Connecticut real estate management and development business has been sentenced to four years in prison for stealing more than $700,000 from the company.
Federal prosecutors say 50-year-old Debra Biagi, formerly of Greenwich, was also sentenced to three years of probation and ordered to repay all the money.
She pleaded guilty in August to wire fraud for stealing the money from the HB Nitkin Group from February 2014 until December 2015.
She was an assistant to the chairman of the company with responsibilities that included managing accounts payable.
Prosecutors say she created fraudulent invoices made out to fictitious companies for masonry, carpentry, electrical and plumbing work. She then used the victims’ checks to the fake companies and deposited the money into her personal bank account.
Topics Fraud Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Marsh, Aon in Talks With US on Insuring Tankers in Hormuz 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say 
