Fairfield Man Sentenced to 27 Months in Federal Prison for Role in Multi-Million-Dollar Bank Fraud Conspiracy
September 15, 2011
Total Loss:
$4.8 Million
The United States Attorney for the District of Connecticut announced that GARY VESTUTI, 43, of Harrison, N.Y., formerly of Fairfield, Conn., was sentenced today by United States District Judge Janet Bond Arterton in New Haven to 27 months of imprisonment, followed by five years of supervised release, for his involvement in a multi-million-dollar bank fraud scheme.
According to court documents and statements made in court, VESTUTI worked for Branford-based New England Cash Dispensing Systems, Inc. (“NECDS”), which was in the business of operating a network of automated teller machines (“ATMs”). Beginning in approximately March 2000, NECDS entered into an agreement with Domestic Bank of Cranston, Rhode Island, whereby NECDS would supply ATM services in conjunction with Domestic Bank, the victim in this case.
Source:
FBI
Posted in:
Debit Card Fraud
Deposit Account Fraud