FORMER BROKER CHARGED WITH THEFT OF $130,000

 

                  

Westchester County District Attorney Janet DiFiore announced today that Tamalyn Crutchfield Stewart (DOB 03/29/55) of 12 East Mount Airy Road, Cortlandt, New York, has been arraigned on a Felony Complaint charging her with:

 

  • one count of Grand Larceny in the Second Degree, a class “C” Felony,
  • one count of Grand Larceny in the Third Degree, a class “D” Felony,

 

regarding the theft of investment funds from clients.

 

Between February 24, 2010 and September 15, 2010, the defendant, a former securities broker, received approximately $100,000 from one client and $30,000 from another client.

 

The victims reported the theft to the District Attorney’s Office which began an investigation in June of 2011.

 

The defendant is accused of failing to invest the funds as promised and instead using the money personally.

 

Stewart was arrested by an investigator with the District Attorney’s Office and arraigned Monday on a Felony Complaint in Cortlandt Town Court.

 

Stewart is due back in court on April 2, 2012.

 

Bail was set at $100,000 cash or bond.

 

The defendant faces a maximum sentence of 15 years in state prison.

 

Assistant District Attorney Nicole Gamble of the Economic Crimes Bureau is prosecuting the case.

 

 

Tamalyn Crutchfield Stewart

 

In compliance with Disciplinary Rule 7-107A of the Code of

Professional Responsibility, you are advised that a charge is

merely an accusation and that a defendant is presumed

innocent until and unless proven guilty.