NEW HAVEN, Conn. (AP) A former West Haven city councilman and banker who stole money to support a gambling problem has been spared prison time.
The New Haven Register reports Stephen DeCrescenzo was sentenced Tuesday in U.S. District Court in New Haven to three years' probation.
The 38-year-old DeCrescenzo pleaded guilty in November to wire fraud.
He was ordered to participate in a gambling treatment program and refrain from gambling.
DeCrescenzo was fired as a personal banker at JPMorgan Chase Bank in New Canaan after his employer discovered the theft, which occurred from 2008 to 2011. The bank lost $106,028 and DeCrescenzo must make restitution.
He apologized to his employer, family and friends. He said he believes he's a ``good person who made a terrible decision'' costing him his job, financial security and marriage.