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Stamford Man Admits Theft of $800K from Trust Account
A 69-year-old Stamford man faces up to 20 years in prison after admitting to stealing over $800,000 from a trust account meant for his relatives’ children.
Curtis Solsvig, 69, waived his right to be indicted and pleaded guilty today to one count of wire fraud before U.S. District Judge Sarala V. Nagala in Hartford.
According to court documents and statements made in court, Solsvig, a relative of the victims, began serving as trustee of the trust in 1996. However, between 2011 and 2019, he stole more than $800,000 from the trust and used the funds for a variety of personal expenses.
By the time his scheme concluded, less than $20 remained in the trust account, leaving the children with nothing.
Solsvig is currently released on a $250,000 bond pending sentencing, scheduled for March 5, 2024. The Federal Bureau of Investigation is leading the investigation, with Assistant U.S. Attorney Conor M. Reardon prosecuting the case.
This brazen act of theft has left many wondering how someone in a position of trust could betray the trust in such a devastating way. The court will now determine the consequences of Solsvig’s actions, and the community can only hope that justice is served.
The victims in this case were a married couple who set up the trust to benefit their two children. Solsvig’s actions have left them with a significant financial burden and a deep sense of betrayal.
Key Facts
- State: Connecticut
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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