Mark Angarola: Embezzlement Scheme, Charges, and Sentencing

Mark Angarola, a former Global Account General Manager at DXC Technology who oversaw the company’s Citibank relationship, was sentenced on December 18, 2025 to 38 months in federal prison for an embezzlement scheme that cost his employer more than $8 million and evaded roughly $668,000 in federal taxes. Angarola ran the fraud for nearly a decade by placing friends and family into no-show consulting jobs, approving fake invoices, and collecting more than $1 million in cash kickbacks. He was also ordered to serve three years of supervised release, forfeit $2,679,445.26, and pay $9,023,444.96 in restitution.¹

How the Scheme Worked

Angarola, a resident of Point Lookout, New York, joined Hewlett Packard Enterprise in June 2014 as its liaison with Citibank and moved to DXC Technology after the 2017 spin-merger with HPE’s services division.² At DXC he ran the Citibank account: client relationship, service delivery, and profit-and-loss. His portfolio covered data center maintenance, end-user computing support, options trading execution, and market data hosting and application testing for Citi.

Central to the fraud was Angarola’s control over a subcontract with Atlas Communications Technology, a New Jersey IT staffing firm. He was the sole point of contact between DXC and Atlas, and he approved the monthly invoices and expenses Atlas submitted. From roughly May 2010 through February 2019, he used that gatekeeper role to arrange for his friends and family to be hired as IT consultants through Atlas, even though most of them had no qualifications for the work.³

Those hires included a schoolteacher, a homemaker, a police sergeant, and a construction industry manager. They submitted fraudulent timesheets, Atlas billed DXC for the hours, and Angarola approved the invoices. Personal expenses were disguised as legitimate business costs on the Citibank contract. Prosecutors documented charges for cruises, hotel stays, restaurant meals, private car services, and visits to gentlemen’s clubs. To sidestep DXC’s expense policies, Angarola charged personal spending to credit cards in co-conspirators’ names, including that of Lisa Mincak. He also reportedly prohibited Atlas from contacting anyone at Citibank or DXC other than himself, which kept the legitimacy of the consultants’ work from ever being independently checked.²

The Kickback From Jose Garcia

The most lucrative piece of the operation for Angarola personally involved Jose Garcia, a construction manager in a no-show job. Garcia performed no actual work but invoiced Atlas monthly for “Management Fees” of between $36,000 and $60,000. Over the life of the scheme he took in about $4.55 million, routing the money through shell corporations and LLCs, and paid Angarola more than $1 million in cash kickbacks.⁴

Where the Money Went

Prosecutors traced specific amounts to each participant:

Jose Garcia and entities he controlled: $4,554,950
Mark Angarola: $1,468,215
Allison Angarola, Mark’s wife: $751,641
Michelle Cox: $335,500
Anthony Lisi: $90,521
Lisa Mincak: $88,793

DXC Technology’s total loss exceeded $7 million, and the court ultimately characterized the operation as an $8.3 million embezzlement paired with a $668,000 tax evasion scheme.³

How the Fraud Surfaced

The scheme came to light through civil litigation. Angarola left DXC in March 2019. Later that year, Atlas Communications sued DXC in U.S. District Court in New Jersey seeking about $3.05 million in unpaid invoices on the Citibank account. DXC countered that it had uncovered a massive fraud on the account and had withheld payment to offset roughly $12.2 million in losses. DXC alleged that Atlas and an affiliated company, Smart IMS, had facilitated no-show jobs billed at rates between $400 and $600 per hour, with expenses inflated by 10 percent for years.⁵

Atlas’s attorney called DXC’s fraud claims “a bunch of nonsense” and said DXC had ended the business relationship in September or October 2019 before poaching more than 50 Atlas employees. Reached by CRN in October 2019, Angarola denied any wrongdoing: “None of it is accurate.”²

The Federal Charges

A federal grand jury in the Southern District of New York returned a sealed indictment on January 16, 2024. It was unsealed the following day, and on January 19, 2024, all five defendants surrendered.⁶ The charges were:

Mark Angarola: wire fraud and wire fraud conspiracy.
Allison Angarola: wire fraud and wire fraud conspiracy.
Jose Garcia: wire fraud, wire fraud conspiracy, and three counts of tax evasion.
Michelle Cox: wire fraud, wire fraud conspiracy, and two counts of failure to file income tax returns.
Lisa Mincak: wire fraud and wire fraud conspiracy.

The case was assigned to U.S. District Judge Dale E. Ho, and all five entered not guilty pleas at arraignment on January 26, 2024.⁷ A sixth participant, former NYPD sergeant Anthony Lisi, had already pleaded guilty on September 13, 2022, to one count of conspiracy to commit wire fraud for submitting falsified timesheets between January 2018 and February 2019. Lisi agreed to forfeit $66,100 and pay $94,185 in restitution.⁸

Sentences

Michelle Cox was the first of the January 2024 defendants to resolve her case. She waived indictment, pleaded guilty on December 11, 2024, to one count in a superseding information, and on April 8, 2025 was sentenced to two and a half years of probation with six months of home confinement, $335,500 in restitution, and a $100 special assessment. The original indictment charges against her were dismissed.⁷

Jose Garcia waived indictment and pleaded guilty on January 24, 2025 to a superseding information charging wire fraud conspiracy and tax evasion. On May 28, 2025, Judge Ho sentenced him to 27 months in prison followed by three years of supervised release, ordered him to forfeit $4,554,950, and imposed $7,007,055 in restitution. Garcia had failed to file returns or pay income tax from 2011 through 2019, a tax loss to the IRS of $2,116,605.⁴

Angarola was charged in a two-count superseding information on July 9, 2025 that included conspiracy to commit wire fraud, and the court issued a consent preliminary order of forfeiture and money judgment.⁹ At his December 18, 2025 sentencing, Judge Ho gave him 38 months, the longest sentence among the defendants. U.S. Attorney Jay Clayton said Angarola “betrayed the trust of his employer, treated its client like a personal slush fund, and caused millions of dollars in losses to his victims.”¹

Co-defendants Allison Angarola and Lisa Mincak had not entered guilty pleas or been sentenced according to available court records. Both had pleaded not guilty at arraignment in January 2024. The overall case docket was marked terminated on June 3, 2025, but individual resolutions for the two remaining defendants are not reflected in the records available.⁷

Who Investigated the Case

The prosecution was handled by the U.S. Attorney’s Office for the Southern District of New York, with investigation by the FBI’s New York Field Office, IRS Criminal Investigation’s New York Field Office, and the Department of Labor Office of Inspector General’s Northeast Regional Office. The Labor OIG’s role tied to the no-show jobs and falsified employment records at the core of the fraud.⁴

1
IRS Criminal Investigation. Tech Company Executive Sentenced to Prison for Multimillion-Dollar Embezzlement Scheme and Tax Evasion
2
CRN. Ex-DXC Technology Manager Accused of Fraud Scheme in Citibank Dealings Lawsuit
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U.S. Department of Labor OIG. Five Defendants Arrested for $7M Embezzlement Scheme Targeting IT Services Company
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U.S. Department of Justice. Construction Manager Sentenced to Prison for Multimillion-Dollar Embezzlement and Tax Evasion
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CRN. DXC Technology’s Fraud Claims Are a Bunch of Nonsense Lawyer Says
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U.S. Department of Justice. Five Defendants Arrested for $7 Million Embezzlement Scheme Targeting IT Services Company
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CourtListener. United States v. Angarola Docket
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U.S. Department of Justice. Former NYPD Sergeant Pleads Guilty to Embezzlement Scheme
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Leagle. United States v. Angarola, S5 24 Cr. 23