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Press Release

Massachusetts Man Sentenced to Nearly 8 Years for Bank and Credit Card Fraud and Tax Evasion

For Immediate Release
U.S. Attorney's Office, District of Maine

Bangor, Maine:  United States Attorney Halsey B. Frank announced that Steven Nygren, 51, of Salem, Massachusetts, was sentenced Friday in U.S. District Court by Judge John A. Woodcock, Jr. to 95 months in prison and five years of supervised release for bank fraud, unauthorized use of credit card numbers, and tax evasion.  He was also ordered to pay over $815,000 in restitution.

According to court records, from June 2014 through August 2015, Nygren used his position as financial manager of a Brooklin, Maine business to embezzle and forge 63 business checks worth over $732,000 and to charge $62,000 to business credit cards for unauthorized personal purchases.  From 2010 through 2016, Nygren also evaded the payment of over $1,000,000 in previously assessed federal taxes and penalties for tax years dating back to 1996.

In announcing the lengthy sentence, Judge Woodcock noted that “cheating others has been a way of life for [Nygren].”

The investigation was conducted by the Maine State Police, the FBI, and the Internal Revenue Service, Criminal Investigation.


Chris Ruge
Assistant United States Attorney
Tel: (207) 945-0373

Updated May 29, 2018

Financial Fraud