Former Construction Finance Manager Accused of Embezzling Over $200,000

August 24, 2025 - 04:37

WHITE PLAINS – A former finance manager for a construction company in White Plains is facing serious legal consequences after being charged with embezzling more than $200,000 from her employer. Michele Rinaldo, 52, from the Bronx, has been accused of grand larceny and several other felonies, according to Westchester County District Attorney Susan Cacace.

The investigation revealed that Rinaldo allegedly manipulated financial records and misappropriated funds over a significant period. The charges against her include one count of grand larceny and two counts of criminal possession of stolen property. This case raises concerns about internal controls within businesses and the importance of vigilance in financial management practices.

Rinaldo's actions have not only affected the construction firm but also raised questions about the safeguards in place to prevent such misconduct. As the legal proceedings unfold, the community is watching closely, hoping for accountability and justice in this significant case of financial crime.