A 50 year old Massachusetts man faces a long jail sentence and hefty fines after pleading guilty today to bank and credit card fraud and tax evasion. Assistant U.S. Attorney Chris Ruge says Stephen Nygren forged and embezzled 63 checks worth almost $750,000 when he was financial officer of a small business in Brooklin, Maine.
“The bank fraud took place over about 15 months from 2014 to 2015,” Ruge says.
In addition, the U.S. Attorney’s office says Nygren charged $62,000 to business credits cards for unauthorized personal purchases and evaded federal unemployment and income taxes for a number of years.
Ruge says court documents and the prosecution indicated Nygren used some of the money to purchase a store in Brooklin as well as for other personal expenses.
