Lowell man admits stealing $440k from seafood distributor



BOSTON (AP) — A Massachusetts man has pleaded guilty to embezzling more than $440,000 from a Spanish seafood distributor.

Jorge Silva entered the plea in Boston federal court on Thursday to a pair of bank fraud counts.

The 58-year-old Lowell man coordinated sales to customers and managed payments for Seaport Fish Co., which distributes fish and seafood in the U.S.

Prosecutors say Silva diverted about $900,000 in customer checks into two corporate accounts of a business he owned, sometimes reimbursing Seaport with checks drawn on his own bank accounts. Prosecutors say he sent bogus deposit slips to Seaport’s headquarters, then wrote checks on his two corporate accounts, using Seaport funds, to pay expenses for another business as well as for personal use.

Silva faces up to 30 years in prison and possible fines.

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