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White Plains, NY – A former finance manager is facing serious charges after allegedly orchestrating a sophisticated scheme to steal over $200,000 from a construction firm based in Westchester County. Michele Rinaldo, 52, of The Bronx, has been accused of a months-long fraud that targeted her former employer, according to the Westchester County District Attorney's Office.

The details of the alleged scheme are still emerging, but prosecutors say Rinaldo exploited her position of trust within the company to systematically divert funds. The investigation, which began earlier this year, uncovered a complex web of transactions that ultimately led to the significant financial loss for the construction firm. Authorities are tight-lipped about the specifics of the method used, citing an ongoing investigation, but confirmed the amount stolen exceeded $200,000.

“This case represents a betrayal of trust and a serious breach of financial responsibility,” stated District Attorney Roosevelt. “We are committed to holding those accountable who exploit their positions for personal gain, causing harm to businesses and the community.”

Who is Michele Rinaldo?

Michele Rinaldo, formerly employed as the finance manager, is now facing charges that could carry significant penalties. Details about her prior employment history and any previous legal issues are currently being scrutinized as part of the investigation. Rinaldo's attorney has not yet released a statement regarding the charges.

Impact on the Construction Firm

The construction firm, which has not been publicly named, is working with law enforcement to recover the stolen funds and assess the full extent of the damage. The incident highlights the importance of robust internal financial controls and regular audits to prevent such schemes from occurring. Sources close to the company indicate that they are taking steps to strengthen their financial security measures following this incident.

Legal Proceedings and Potential Penalties

Rinaldo is expected to appear in court soon to face charges related to theft and fraud. If convicted, she could face a lengthy prison sentence and be ordered to pay restitution to the construction firm. The District Attorney's Office is actively pursuing the case and working to ensure justice is served.

This case serves as a stark reminder of the potential for financial crime within organizations and the importance of vigilance in protecting assets. The investigation is ongoing, and further details are expected to be released as it progresses.