Crime & Safety

Cops: Darien Man Embezzled from Stamford Company

Michael Gaglio of Darien was charged with third-degree larceny and attempted third-degree larceny from Internation Fiduciary Inc. of Stamford.

A Darien man has been arrested on an accusation he embezzled several thousand dollars from the Stamford company he worked for and tried to embezzle more.

Michael Gaglio, 39, of 2743 Post Road in Darien was arrested Monday by Stamford police and charged with third degree larceny and attempt to commit third degree larceny.

According to Gaglio's arrest warrant, he attempted to embezzle money from his employer, Internation Fiduciary Inc. of Stamford.

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

"The owner was out of the country at the time," according to documents filed in state Superior Court in Stamford. The court filings also state Gaglio's duties at IFI included paying bills for the company, and that he was a model employee from Sept. until Dec. 2011, when he began acting "suspiciously."

Gaglio opened an account for a client at the business owner's request, but fraudlent transactions began on Dec. 12 and ended on Dec. 16, according to the court filings filed by the prosecution office. "They were all ATM withdrawls except for four small dollar amount debit purchases." The fraud loss on this account is the full $5,000.00.

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

The alleged fraud was reported by another IFI employee, and a warrant for Gaglio's arrest was issued on Feb. 2. He has posted bond.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here

To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com.