Former Grantham Man Indicted for Embezzling More Than $230,000 From Charity

CONCORD – A former Grantham man and current resident of Holly Springs, North Carolina, was indicted in connection with stealing nearly a quarter million dollars from a charity and gambling away a large amount of the stolen funds at the MGM casino in Springfield, Massachusetts, U.S. Attorney Jane E. Young announces.

Kyle Fisher, 42, was indicted on four counts of wire fraud.  Fisher is scheduled to appear in federal court on a later date.

According to the charging documents, Fisher was the Executive Director of a charity in Lebanon, New Hampshire.  He had full access to the charity’s finances, including its QuickBooks accounting records, PayPal account, and bank account.  Between February 2021 and September 2022, Fisher embezzled more than $230,000 from the charity.  He wrote unauthorized checks to himself and transferred funds from the charity’s PayPal account to his own personal bank account.  Fisher created fake invoices and receipts and altered the charity’s accounting records.  He gambled a large amount of the stolen funds away at the MGM casino in Springfield, Massachusetts. 

The charge of wire fraud provides for a sentence of up to 20 years in prison and a fine of up to $250,000 or twice the gross gain or loss, whichever is greater.  Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

The Federal Bureau of Investigation led the investigation. Valuable assistance was provided by the Lebanon Police Department. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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