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STAMFORD, Conn. - A Stratford man suspected of larceny in Stamford was arrested Tuesday, said Sgt. Andrew Gallagher of the Property Crimes Division of the police department.
According to Gallagher, this is what happened:
Zachary Zamfino, 28, opened a checking account with Fairfield County Savings Bank in April 2012. The account had no activity until early June, when Zamfino made seven deposits over several days, ranging from a couple of hundred dollars to under $4,000.
He then went to several branches, withdrawing a total of $11,000 before the bank realized the checks were no good.
Zamfino was working with two others to write checks from different bank accounts to deposit into the checking account, Gallagher said. The scheme is known as check kiting, the sergeant said.
One of the conspirators is currently in prison on unrelated charges, and will be arrested on these charges at a later date, Gallagher said. Police are still looking for the other individual, he said.
Zamfino was charged with second-degree larceny, conspiracy to commit second-degree larceny, and seven counts of conspiracy to commit issuing bad checks, police said.
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