- Associated Press - Friday, March 18, 2016

BOSTON (AP) - A Massachusetts man has pleaded guilty to embezzling more than $440,000 from a Spanish seafood distributor.

Jorge Silva entered the plea in Boston federal court on Thursday to a pair of bank fraud counts.

The 58-year-old Lowell man coordinated sales to customers and managed payments for Seaport Fish Co., which distributes fish and seafood in the U.S.

Prosecutors say Silva diverted about $900,000 in customer checks into two corporate accounts of a business he owned, sometimes reimbursing Seaport with checks drawn on his own bank accounts. Prosecutors say he sent bogus deposit slips to Seaport’s headquarters, then wrote checks on his two corporate accounts, using Seaport funds, to pay expenses for another business as well as for personal use.

Silva faces up to 30 years in prison and possible fines.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide