Former exec of Mars candy subsidiary pleads guilty to stealing $28M from company
BridgePort, Conn. (AP) – A former ruler for a subsidiary of Candymaker Mars Inc. was found guilty of fraud and tax expenses in connection with him on Thursday. Theft of 28 million dollars Federal prosecutors, from the company.
58 -year -old Paul Steed, Connecticut, Bridgeport’deki federal court took part in the court. In addition, the United States said in a statement by Connecticut David Sullivan, Mars agreed to pay 28.4 million dollars compensation and said he owed 10 million dollars back to internal income service.
Stamford, who is free of $ 5 million bail, did not return the messages of Steed from Connecticut, phone numbers and public records listed in public records. His lawyer, Connecticut Deirdre Daly, the former US lawyer, did not return the phone and E -mail messages immediately on Thursday.
Steed, a dual US and Argentine citizen, was once a respected sugar market expert for Mars Wrigley, where the last position is a global price risk manager. The company is a subsidiary of Mlean, Virginia -based Mars Inc., M & M’s Maker, Snickers, Skittles, Altoids Mint and Doublemint, as well as other food products and domestic foods.
A federal indictment accused him of stealing from Mars, which started in 2013, with various plans, including directing funds to the companies he founded. Steed sent the lion’s share of stolen funds to McNA LLC, one of its companies, to McNA LLC, to MCNA LLC, to mimic a real Mars company Mars Chocolate North America.
Authorities say they have seized more than $ 18 million from Steed’s bank accounts and that Steed agreed to lose the money. The government is also trying to liquidate a house in Connecticut, Greenwich, which is claimed to have purchased $ 2.3 million using stolen cash. Prosecutors say that Steed has sent another $ 2 million to Argentina, where he had relatives and has a farm.
Steed was found guilty of two points of wire fraud and a number tax evasion. The court was set on 9 December.
