A Windsor resident was sentenced last week to more than two years in prison for defrauding her former employer and an online lender of over $700,000.

Margaret Boisture, 51, was sentenced in Hartford federal court to 33 months in prison, followed by two years of supervised release, according to a statement from the Connecticut U.S. attorney’s office. Boisture must also pay a $7,100 fine and make full restitution.

According to court documents and statements made in court, Boisture was the chief financial employee of ZoneFlow Reactor Technologies, a company that was in the pre-revenue stage while developing and commercializing a new technology to improve the efficiency of the production of hydrogen.

Between approximately October 2016 and February 2020, Boisture defrauded ZoneFlow by diverting ZoneFlow money to herself, the U.S. attorney’s office said, and taking unauthorized loans that caused ZoneFlow to pay additional interest expense. She also made misrepresentations to PayPal, which marketed and serviced commercial loans from third-party lender WebBank, to induce them to make unauthorized loans to ZoneFlow, expanding the pool of money from which Boisture could take.

In total, Boisture’s criminal conduct caused losses of $632,159.78 to ZoneFlow and $78,088.76 to PayPal and WebBank.

Boisture pleaded guilty in July to one count of wire fraud affecting a financial institution. Boisture is released on a $500,000 bond and is required to report to prison on March 13, the statement said.