BRIDGEPORT, Conn. — A former Connecticut employee of the chocolate manufacturer Mars, Inc. pleaded guilty Thursday to committing fraud and tax crimes while defrauding the company out of millions of dollars.
Paul Steed, 58, of Stamford, made the plea in Bridgeport federal court.
He has agreed to pay back $28,410,489 in restitution to Mars, according to a report from the Interim U.S. Attorney for the District of Connecticut.
The government also determined that Steed owes the Internal Revenue Service $10,310,680 more in back taxes.
Court documents and statements show that between 2011 and 2023, Steed worked for Mars Wrigley, a subsidiary of Mars. He worked remotely from his Stamford home.
Steed held several positions while employed there. His last role with the company was as Global Pr