STAMFORD, Conn. (WTNH) — A Stamford man pleaded guilty Thursday to fraud and tax offenses, according to the Department of Justice.

Paul R. Steed, 58, was employed by Mars Wrigley, a subsidiary of Mars, Inc., from 2011 to 2023, working remotely from his home in Stamford. As a part of his employment, he was responsible for managing Mars Wrigley’s participation in the U.S. Department of Agriculture (USDA)’s sugar-containing products re-export program.

In 2016, Steed created a company, MCNA LLC, to mimic an actual Mars entity, Mars Chocolate North America. He then diverted millions of dollars in Mars assets to a bank account set up in MCNA’s name, court documents allege.

In 2017, Steed directed Computershare Limited, a company that Intercontinental Exchange, Inc, (ICE) utilized for stock-re

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