Elsewhere online
April 16, 2015

Former Head of Maine Charity to Pay $4.6-Million to Settle Case

The former leader of United Mid-Coast Charities will pay the organization a $4.6-million settlement for allegedly embezzlings funds, The Bangor Daily News reports

Russell “Rusty” Brace, who served as the board president from 1999 until 2014, admitted to fraud, breach of duty, and conversion of money after stealing hundreds of the charity's donations checks.

To settle the case, Mr. Brace agreed to "liquidate virtually all his assets" and turn them over to the charity, according to the charity's attorney. Criminal charges have not yet been filed.