F&S Oil Company Auditor Admits Role in Bank Fraud Scheme
February 7, 2012
Total Loss:
Unknown
The United States Attorney for the District of Connecticut announced that DALE K. CICCARELLI, 57, of Southbury, waived his right to indictment and pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy to commit bank fraud and one count of aiding and assisting the filing of a false federal tax return. The charges stem from CICCARELLI’s role in a scheme by principals of F&S Oil to defraud Citizens Bank of millions of dollars.
According to court documents and statements made in court, CICCARELLI, a Certified Public Accountant, served as the external auditor for F&S Oil Company Inc. (“F&S Oil”), which was in the business of providing heating oil to residential and commercial customers in the Waterbury area.
Source:
FBI