Shelton Woman Charged In Connection To $700K Embezzlement Scheme: Feds

SHELTON, CT — A Shelton woman was charged in connection to an embezzlement scheme that defrauded a Connecticut company of approximately $700,000, according to an announcement from David Sullivan, U.S. Attorney for the District of Connecticut.

In a news release Monday, Sullivan said a federal grand jury in New Haven returned a five-count indictment charging Pamela Aguilar, 65, of Shelton, with fraud offenses stemming from the alleged embezzlement scheme.

According to the indictment, Aguilar was employed as chief financial officer of a Connecticut software company, identified in court documents as "Company A."

Sullivan said Aguilar defrauded the company between approximately 2018 and 2025 by making ACH and wire transfers from Company A's account to personal bank accounts, writing checks and making cash withdrawals from Company A's account, and by making PayPal and credit card payments from Company A's account for her own benefit.

Aguilar is believed to have stolen approximately $700,000 from Company A through this scheme, according to Sullivan.

Sullivan also noted Aguilar attempted to cover up her actions by providing false weekly cash reports and false monthly financial statements to Company A's chief executive officer.

The indictment was returned on Oct. 15, and Aguilar pleaded not guilty to the charges on Oct. 22, according to Sullivan. She was released on a $50,000 bond.