Florida man embezzled $5.7 million from Mass. employer, officials say
A Florida man was indicted Thursday in connection with embezzling at least $5.7 million from his employer, a Florida-based portfolio company owned by a Massachusetts investment firm, according to acting U.S. Attorney for Massachusetts Joshua S. Levy’s office. Paul Schnitzer, 51, of Clermont Florida was indicted on one count of wire fraud, and will appear in federal court in Boston at a later date, Levy’s office said. Schnitzer was arrested and charged by criminal complaint on May 21.
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