A Shelton woman has been indicted in connection with an embezzlement scheme authorities say she allegedly used to defraud a company where she served as an executive out of $700,000.
The five-count indictment was returned by a grand jury in federal court in New Haven against 65-year-old Pamela Aguilar, the U.S. Attorney’s Office for the District of Connecticut said in a statement issued Monday. The indictment, which was returned on Oct. 15, charges her with fraud offenses, officials said.
Aguilar served as chief financial officer at an unnamed Connecticut software company where federal officials said she allegedly engaged in a fraud scheme between 2018 and 2025. Authorities allege she made ACH and wire transfers from the company’s account to personal bank accounts and wrote checks and made cash withdrawals against the company’s account. She also allegedly made PayPal and credit card payments from the company’s account “for her own benefit,” federal officials said.
Aguilar allegedly stole about $700,000 and tried to cover it up by “providing false weekly cash reports and false monthly financial statements” to the company’s chief executive officer, according to officials.
On Oct. 22, Aguilar appeared before U.S. Magistrate Judge Maria E. Garcia in New Haven where she pleaded not guilty to the charges. She is free on a $50,000 bond.