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
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