Maine Woman Convicted of Federal Program and Tax Fraud

By December 23, 2015Tax Fraud

On Oct. 28, 2014, in Portland, Maine, Stacey A. Backman, of Brunswick, Maine, was sentenced to 20 months in prison and ordered to pay $365,168 in restitution. On June 9, 2014, Backman pleaded guilty to federal program and tax fraud. According to court documents, Backman was a fund accountant at Coastal Enterprises, Inc. (CEI). CEI is a private, nonprofit, charitable community development corporation and community development financial institution based in Wiscasset, Maine that received more than $10,000 in federal funds each year. From 2010 to January 2014, Backman embezzled $365,168 from CEI and failed to report the embezzled income on her federal income tax returns. CEI learned of the embezzlement in January 2014 and terminated Backman’s employment.