Guilty Plea to Maine Bank and Credit Card Fraud and Tax Evasion

A 50-year-old Massachusetts man pleaded guilty Wednesday to bank fraud, credit card fraud and tax evasion charges.

According to court records, Steven Nygren forged and embezzled 63 checks worth $732,000 from June 2014 - August 2015 as a financial advisor of a Brooklin, Maine business. Nygren also charged $62,000 to business credit cards for unauthorized personal purchases in 2015. Additionally, he evaded federal unemployment and income taxes from 2010 - 2016.

Nygren's sentencing will happen after the completion of a presentence investigation report by the U.S. Probation Office.  He faces a $1,000,000 fine and 30 years in prison, and five years of supervised release for bank fraud; up to 10 years in prison, a $250,000 fine, and three years of supervised release for access device fraud; and up to five years, a $100,000 fine, and three years of supervised release for tax evasion.

The Maine State Police, the FBI and IRS conducted the investigation.