Jayne Concialdi Pleads Guilty to White River Junction Embezzlement
The Office of the United States Attorney for the District of Vermont announced that Jayne Concialdi, 51, a former resident of Quechee who now lives in Connecticut, pleaded guilty today in United States District Court in Burlington to a charge of wire fraud. U.S. District Judge William K. Sessions III released Concialdi on conditions pending sentencing, which is set for December 1.
On June 19, 2014, the United States filed a one-count information charging Concialdi with wire fraud. Today, Concialdi pled guilty to the information. According to the information, Concialdi was employed as an administrative assistant to the treasurer of New England Research, Inc., a company in White River which specializes in the measurement and interpretation of rock properties for the energy industry. Concialdi had bookkeeping responsibilities. Between 2011 and early 2014, Concialdi misappropriated about $125,000 from her employer, primarily by using company funds to pay her personal credit card obligations. The defendant also misused company credit cards to make purchases for her own benefit. NERI uncovered the embezzlement this past February.
Concialdi faces up to 20 years of imprisonment and a fine of up to $250,000. The actual sentence will be determined with reference to federal sentencing guidelines.
This case was investigated by the Hartford Police Department and the Federal Bureau of Investigation.
Concialdi is represented by Jordana Levine. The prosecutor is Assistant U.S. Attorney Gregory Waples.