Tamalyn Crutchfield Stewart, a 57-year-old Cortlandt woman who used to work as a financial broker, was arrested on two counts of felony grand larceny for the alleged theft of $130,000, following an investigation by the Wetschester County District Attorney’s office, according to a press release from the DA today.
The DA launched an investigation in June, 2011 after alleged victims of Stewart reported that between Feb. 24, 2010 and Sept. 15, 2010, she received approximately $100,000 from one client and $30,000 from another client. The DAs office said Stewart did not invest the money as promised but used 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.