A bank executive is facing sentencing for stealing more than $1 million from his employer, The Associated Press reports.
Philip J. Mongillo of Westbrook is scheduled to be sentenced Wednesday in U.S. District Court in Hartford. He pleaded guilty in June to bank theft.
The 51-year-old Mongillo was the assistant vice president and technology officer for Norwich-based Dime Bank.
Federal prosecutors say Mongillo admitted that in 2001 he created a fictitious company to issue false invoices charging the bank for phony technology support services. Authorities say he then had the bank issue payments to the fictitious company based on the false invoices and used the money himself.
Authorities say from September 2001 through November 2010, Mongillo stole about $1,029,050 from his employer.
