A former employee of Stamford-based Abbey National Treasury Services plc was sentenced May 12 to 24 months in prison for stealing $772,242 from the company.
Abbey National provides corporate banking services, including loans, deposits, treasury services, finance and cash transactions.
Rosemarie Collazo, 52, of Yonkers was charged with preparing approximately 150 fraudulent duplicate invoice packages between 2010 and 2016 and submitting an equivalent number of checks for authorizing signatures for payments that were already processed and paid. She then deposited the checks into her personal bank account. She was also accused of misappropriating vendor refund checks that had been sent the company, depositing them into her personal bank account on at least three occasions.
Collazo pleaded guilty in January to one count of wire fraud. As part of the sentence, she was ordered to pay a full restitution for her actions.
Colazzo’s time in prison will be followed by three years of supervised release, according to the sentence handed down by U.S. District Judge Stefan R. Underhill in Bridgeport.
