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.
