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.
MORE NEWS
June 4, 2026 - 01:37
2 Autonomous Vehicle Stocks Analysts Think Can Surge HigherAutonomous driving technology has moved from science fiction into real-world testing and deployment over the past few years. Advances in artificial intelligence have pushed self-driving cars closer...
June 3, 2026 - 04:35
FBI warns of elder financial abuseMADISON, Wis. - The FBI is sounding the alarm on a growing crisis that drains billions from older Americans every year. According to the bureau, scams and fraud targeting seniors now cost victims...
June 2, 2026 - 18:22
Consumer Finance Stocks Q1 Results: Benchmarking Ally Financial (NYSE:ALLY)Earnings reports offer a clear snapshot of where a company stands and where it might be heading. As the first quarter of the year wraps up, investors are taking a closer look at consumer finance...
June 2, 2026 - 03:55
OC founder of green financial firm sentenced after defrauding investors of more than $248 millionA California man who co-founded a company that marketed itself as a green financial alternative has been sentenced for running a long-running fraud scheme. Joseph Sanberg, 46, was convicted after...