May 8, 2015
Ex-Camden charity official to enter guilty plea
Russell “Rusty” Brace is expected to plead guilty to federal fraud charges this month after being accused of stealing more than $4.6 million from the Midcoast charity he once led.
The Bangor Daily News reported that Brace is scheduled to enter guilty pleas in U.S. District Court on May 29 for two counts of tax fraud and one count of bank fraud. The Rockport businessman is expected to be sentenced several months after that date.
In April, Brace reached a settlement with United Mid-Coast Charities, agreeing to pay the $4.6 million. The newspaper said Brace used the money in part to support his floundering business ventures.
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