Crime & Safety
$700k Fraud Leads to Prison Time for Former Greenwich Woman
The woman created false invoices for fictitious companies and deposited the money in her own bank account.
GREENWICH, CT — A former Greenwich woman was sentenced to four years in prison followed by three years of supervised release after she stole more than $700,000 from her employer and related companies and individuals.
Debra Biagi, 50, of Fogelsville, Pennsylvania pleaded guilty to one count of wire fraud in August 2016 and was sentenced in U.S. District Court Jan. 20.
She was employed by HB Kitkin Group of Greenwich, a privately-owned real estate management and development business.
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She defrauded the company and key company individuals from February 2014 to December 2015, according to the U.S. Attorney District of Connecticut office. She created fake invoices and used victims' checkbooks to make checks out to fake companies. The checks were deposited in her personal bank account.
Her initials "DB" were often used in the fake company names as a way to keep track of them.
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At other times she stole checks from employees of the company and made them out to cash or endorsed to cash check that already listed a payee.
She stole $711,074.39 during the scheme, according to the district attorney's office.
Image via Shutterstock
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