BUFFALO, N.Y. (WIVB) - A postman from West Seneca pleaded guilty Friday morning to embezzling about $400,000 from an elderly reverend and military veteran. The Erie County District Attorney’s Office says 63-year-old Peter Saraceno admits to befriending the victim and eventually becoming a joint account holder on one of the victim’s bank accounts.


The DA’s office say between 2006 and February of this year, he stole the money by writing checks to himself, making wire transfers to himself and making AT withdrawals all from the victim’s accounts.


According to the DA’s office he blamed the embezzlement on alleged depression, post-traumatic stress and his wife’s heart condition. The DA’s office says Saraceno eventually admitted that he used the money to finance his gambling habit, which he says relieved his stress and depression.

http://www.wivb.com/dpp/news/crime/p...k-from-veteran