Bank and Credit Card Fraud Land Salem Man in Hot Water
A Salem, Massachusetts man is facing serious time behind bars after pleading guilty to bank and credit card fraud, tax evasion charges in Maine.
Steven Nygren, 50, of Salem, Massachusetts, entered a guilty plea to bank fraud, credit card fraud and tax evasion charges in U.S. District Court in Bangor, Maine.
According to court records, from June 2014 through August 2015, Nygren used his position as financial officer of a Brooklin, Maine business to forge and embezzle 63 checks worth over $732,000.
In 2015, he charged $62,000 to business credit cards for unauthorized personal purchases. Finally, from 2010 through 2016, he evaded federal unemployment and income taxes.
Nygren faces up to 30 years in prison, a $1,000,000 fine, and five years of supervised release for bank fraud; up to 10 years in prison, a $250,000 fine, and three years of supervised release for access device fraud; and up to five years, a $100,000 fine, and three years of supervised release for tax evasion.
The investigation was conducted by the Maine State Police, the Federal Bureau of Investigation, and the Internal Revenue Service.
Nygren will be sentenced after the completion of a presentence investigation report by the U.S. Probation Office.
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Key Facts
- State: Maine
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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