August 26, 2015
Midcoast charity recovers after embezzlement case
A year after discovering its former leader had embezzled millions of dollars, the United Mid-Coast Charities in Camden is distributing 60% more money to local nonprofits than it did the year before.
The Bangor Daily News reported that the charity’s board recently decided to distribute over $535,000 to nonprofits this year, showing that the charity has rebounded well after accusing its former leader, Russell “Rusty” Brace, of embezzling more than $4.8 million in donations.
Brace pleaded guilty to one count of mail fraud affecting a financial institution and two counts of tax fraud and making false statements in U.S. District Court in Portland in June. Brace, who has reached a deal to repay the charity, will be sentenced on Oct. 9.
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