A Stamford man has pleaded guilty to defrauding a candy manufacturer where he worked out of $28 million.

Paul R. Steed, 58, of Stamford took a plea deal on Thursday in federal court in Bridgeport, pleading guilty to two counts of wire fraud and one count of tax evasion, according to the U.S. Attorney’s Office for the District of Connecticut .

Federal authorities said he was employed between 2011 and 2023 at Mars Wrigley, a subsidiary of Mars. Inc. — which is based in Virginia and manufactures candy, pet food and other food products. He worked remotely from his home and served in several positions, the last of which was as the Global Price Risk Manager for Mars Wrigley’s Global Cocoa Enterprise, officials said.

Part of Steed’s responsibilities included managing Mars Wrigley’s participa

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