Former CFO Of Larchmont Company Indicted In Embezzlement

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A federal grand jury has indicted Gregg Pierleoni of New Fairfield, Conn. Photo Credit: Sarina Trangle

WHITE PLAINS, N.Y. -- A federal grand jury in White Plains indicted Gregg Pierleoni with mail and wire fraud in connection with the  embezzlement of $5.7 million from his former Larchmont employer, according to a statement released by U.S. Attorney Preet Bharara.

Pierleoni, of New Fairfield, Conn., was accused of moving funds from Collins Brothers Moving Company's operating account to other accounts. He then allegedly wrote checks from those accounts to pay his personal American Express bills, according to Bharara.

"As alleged, Pierleoni abused the trust placed in him by his employer to steal a substantial amount of money so that he could enjoy a lavish lifestyle," Bharara said in a statement. "He now faces having to pay the real price for that lifestyle."

If convicted, Pierleoni faces a maximum of 20 years in prison on each charge. 

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