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PublishedNovember 5, 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 ...
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PublishedOctober 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 ...
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PublishedMay 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 ...
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PublishedMay 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 ...
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PublishedApril 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 ...
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PublishedOctober 10, 2014
United Mid-Coast Charities donates $330,300 to area nonprofits
After learning of the embezzlement by its former president two weeks ago, United Mid-Coast Charities continued its mission Oct. 9 by handing out $330,000 to more than 50 organizations in Knox and Waldo counties. The nonprofits gathered at First Congregational Church on Elm Street Thursday afternoon, Oct. 9, for a check-passing ceremony. "For what has been an unpleasant two weeks, this is a day that makes us ...
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