Alarm co embezzler pleads guilty

SSN Staff  - 
Friday, June 1, 2007

STAMFORD, Conn.--The New Canaan Advertiser reported May 5 that Lisa Odierno, a former employee of New Canaan Alarm, pleaded guilty April 30 to stealing $700,000 from the company while working there as a part-time bookkeeper (see "Suspected Embezzler in Court," in the May 2006 issue of Security Systems News).
Odierno, 39, reached a settlement with the company as her trial was about to begin at State Superior Court here. She pled guilty to first-degree larceny, agreed to pay $200,000 in restitution, and will serve a minimum of one year in jail. According to the New Canaan Advertiser, the prosecution recommended five years in prison, suspended after two years, followed by five years of probation.
Odierno is said to have forged checks to herself, signing other employees' names, and used the funds to build a swimming pool and addition to her house, for credit card bills and several cruises.
The paper reported that "her supporters purchased an advertisement Wednesday [May 2] in an area daily newspaper which referred to her as the victim and said, 'We believe you.'"