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UMCC embezzlement case
  • Published
    November 4, 2015

    Brace reports to federal prison in Pennsylvania

    Russell "Rusty" Brace, the former head of United Mid-Coast Charities, who was sentenced last month to four years in a federal prison, has reported to a Pennsylvania facility to begin serving his sentence. Brace was expected to report to the Federal Correctional Complex in Allenwood, Pa., Wednesday, Nov. 4, between noon and 2 p.m., according to his attorney, Peter DeTroy. The prison complex has low-, medium- and ...

  • Published
    October 9, 2015

    Brace sentenced to four years in prison, $3.6 million restitution

    Russell "Rusty" Brace, the former head of United Mid-Coast Charities, was sentenced to 48 months in prison Oct. 9 in U.S. District Court. In addition, he will be required to pay $3.6 million in restitution to both the charity and the insurance company for The First bank. Brace admitted to stealing more than $4.6 million in donation checks from the charity between July 1999 and September 2014 and depositing them ...

  • Published
    October 1, 2015

    Brace's Camden office building sold for about $1.2 million

    A downtown business building owned by Russell "Rusty" Brace has been sold and more than $235,000 has been handed over to United Mid-Coast Charities. Brace pleaded guilty in May to mail and tax fraud charges surrounding the embezzlement of more than $4.6 million from the charity during his tenure as the president of the nonprofit. He is set to be sentenced Oct. 9 in federal court. As part of a civil settlement ...

  • Published
    September 1, 2015

    Camden places lien on Brace building

    The town has placed a lien on a downtown business block owned by former United Mid-Coast Charities head Russell "Rusty" Brace. Brace, of Rockport, has pleaded guilty to tax and mail fraud charges stemming from his embezzlement of $4.6 million from UMCC. He is set to be sentenced in federal court in October. A lien notice was mailed to Brace Aug. 28 for his building located at 21 Elm St., according to the Town ...

  • Published
    August 5, 2015

    Brace's sentencing date rescheduled

    The sentencing date for Russell "Rusty" Brace has been postponed three weeks to give his attorney more time to prepare, according to information filed in U.S. District Court in Portland Aug. 5. Attorney Peter DeTroy filed a motion Aug. 4 to ask that the sentencing date be postponed until after Monday, Oct. 5. The sentencing date had originally been set for Friday, Sept. 18. Judge George Singal granted the request ...

  • Published
    June 25, 2015

    Brace files extension for pre-sentence report filing

    The attorney representing Russell "Rusty" Brace has asked for additional time to file a pre-sentence report, which will outline criteria for an appropriate sentence. Sentencing in the case is set for Sept. 18. Brace, former head of United Mid-Coast Charities, has admitted to stealing more than $4.6 million from the organization. A motion was filed in U.S. District Court in Portland June 24 by Brace's attorney, ...

  • Published
    May 29, 2015

    Brace to federal judge: 'I'm guilty'

    Russell "Rusty" Brace, former president of United Mid-Coast Charities, pleaded guilty May 29 to mail and tax fraud charges in U.S. District Court in Portland. Brace has admitted to stealing more than $4.6 million in donation checks from the charity between July 1999 and September 2014 and depositing them into his personal bank account at the Camden branch of The First. Brace, 81, was wheeled into the courtroom by ...

  • Published
    May 7, 2015

    Brace faces federal charges for bank, tax fraud

    There is "no question" Russell "Rusty" Brace, the former president of United Mid-Coast Charities, will face prison time, his attorney Peter DeTroy said May 7. Brace is expected to be charged with a single count of bank fraud and two counts of tax fraud based on a months-long investigation by the Internal Revenue Service and the FBI, DeTroy said. Brace intends to plead guilty to the charges in U.S. District Court ...

  • Published
    April 15, 2015

    Brace agrees to pay $4.6 million civil settlement to UMCC

    United Mid-Coast Charities announced a settlement April 15 with former charity President Russell "Rusty" Brace in a civil suit between the organization and Brace. Under the terms of the agreement, Brace has agreed to pay $4,646,636, according to a news release from UMCC's attorney, Jay McCloskey. In connection with the civil settlement, Brace admitted to breach of duty, fraud and conversion of money belonging to ...

  • Published
    March 27, 2015

    Settlement being discussed in Brace case

    The attorney for United Mid-Coast Charities said a settlement between the charity and its former President Russell "Rusty" Brace is in the works and a federal indictment in the criminal case is likely in the next few weeks. Brace, of Rockport, is accused of stealing more than $3.7 million from the charity since 2001. UMMC, based in Camden, has filed a civil case against Brace in Knox County Superior Court. He ...

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