The former controller for a Milford, Mass.-based developer has been sentenced to up to three years in prison for stealing nearly $1.5 million from the company.
Sixty-one-year-old Michael Lussier was sentenced Monday after previously pleading guilty to two counts of larceny of more than $250 by a common scheme.
Prosecutors say the Paxton man embezzled $1.48 million from F.R.E. Building Co. Inc. from October 2008 to January 2014.
Lussier had worked for the company since 1986.
Lussier pleaded guilty to diverting the stolen money to a personal bank account for use on travel, mortgage payments and casino gambling among other personal expenses.
The company was able to recover about $600,000 from its insurance company. Lussier has so far paid $50,000 in restitution.
Topics Fraud Commercial Lines Business Insurance Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Wildfires Are Upending Some of the Safest Bets on Wall Street 
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars 
California Sees Two More Property Insurers Withdraw From Market 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
