A Shelton woman who worked as a Connecticut software company's chief financial officer is accused of embezzling $700,000 and using false records to keep it hidden from her bosses, federal prosecutors said.

By Josh Lanier From Daily Voice

Federal authorities have charged a Connecticut woman who they say stole nearly three-quarters of a million dollars from a local software company as part of a long-running scheme. 

Pamela Aguilar, 65, is accused of using her role as chief financial officer for the unnamed company to move $700,000 of the business's money into her personal account, the US Attorney for Connecticut said. 

According to the indictment, she made transfers, wrote checks, and withdrew cash from the company’s account to her own from 2018 through 2025. Officials say she also made PayPal and credit card payments for herself using the business's bank account. 

A federal grand jury charged Aguilar with fraud offenses, the prosecutor announced on Monday, Nov. 17. 

The indictment said Aguilar hid the alleged embezzlement by giving the company's chief executive officer “false weekly cash reports” and “false monthly financial statements.”

Prosecutors say the activity stretched over several years. 

Aguilar pleaded not guilty during a court appearance and was released on a $50,000 bond, the prosecutor said. 

Authorities say the investigation is ongoing.