Community Corner

Former Executive of Local Financial Group Charged with Embezzling $200,000

Joseph DeAngelo of Waterbury was charged with embezzlement, forgery and computer crimes against BCI Financial of Cheshire.

A nearly six-month-long investigation by has resulted in the arrest of Joseph DeAngelo, 50, of Watertown for charges of embezzling $200,000 from his former employer.

DeAngelo was a vice president at at 219 S. Main St. until he was fired last year, according to police, after an internal investigation by his employer.

Lt. James Fasano, police spokesman, said Tuesday the department's investigation began in February after BCI began found evidence of the embezzlement. 

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DeAngelo is charged with four counts of embezzlement, eight counts of forgery in the second-degree, and one count of computer crime in the third-degree. 

"They realized they were losing money. They brought in accountants and lawyers - forensic accountants. The embezzlement started mid-way through last year," said Fasano.

Find out what's happening in Cheshirewith free, real-time updates from Patch.

DeAngelo is scheduled to appear in Meriden Superior Court on July 27.


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