New Charges Filed Against Three Defendants Who Allegedly Defrauded Webster Bank of $6.2 Million

David B. Fein, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in Hartford has returned a superseding indictment that adds charges against three individuals who are alleged to have defrauded Webster Bank of nearly $6.2 million. The superseding indictment was returned yesterday, May 26. On January 28, 2010, SUSAN A. CURTIS, 48, her husband GARY J. STOCKING, 43, both of Naugatuck, and CURTIS' former husband, KEVIN W. CAFFREY, 45, of Wolcott were each charged with one count of bank fraud and one count of conspiracy to commit bank fraud stemming from the alleged scheme. The superseding indictment adds money laundering and tax charges against the three defendants, and removes the charge of conspiracy to commit bank fraud. Webster Bank made payments of approximately $5.04 million to New House and Equity Realty. (Two companies allegedly established by CURTIS, STOCKING and CAFFREY). In addition, the indictment alleges that CURTIS caused a landlord, who was a lessor of property leased to Webster Bank, to send approximately $703,620 in lease improvement payments directly to CURTIS. CURTIS and STOCKING are alleged to have altered the checks from the landlord to make them payable to Webster Bank c/o Equity Realty, and then deposited the checks to an Equity Realty account at another bank. The indictment also alleges that CURTIS falsely represented to other landlords or their counsel, who were dealing with Webster Bank, that a $450,000 check for property improvements should be paid directly to Equity Realty c/o Webster Bank. CURTIS and STOCKING then deposited the check into the Equity Realty bank account. Posted in: Check Fraud