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Guilty plea in ATM scam
A Fairfield man pleaded guilty to conspiracy to commit bank fraud stemming from his involvement in a $4.8 million scheme.
Federal prosecutors say Gary Vestuti, 43, worked for the Branford-based ATM operator New England Cash Dispensing Systems Inc., whose clients included Cranston, R.I.-based Domestic Bank. He admitted to a conspiracy to defraud Domestic Bank of cash it supplied for use in the ATM network by ordering excess cash from the bank and then diverting it to refill ATMs that would otherwise have been refilled with NECDS”™s funds.
Last year, former NECDS CEO Joseph Sarlo and former General Manager John DeMilo pleaded guilty to bank fraud in the same investigation.
