PORTLAND, Maine — The sentencing hearing for Russell “Rusty” Brace, who admitted to stealing more than $4.6 million from a Camden area charity, has been rescheduled at the request of his attorney.
Brace is now set to be sentenced before Judge George Singal on Oct. 13 in U.S. District Court in Portland.
Brace, 81, faces up to 30 years in prison after he pleaded guilty May 29 to one count of mail fraud affecting a financial institution and two counts of tax fraud and making false statements.
The Rockport man had been scheduled to be sentenced Sept. 18 but his defense attorney Peter DeTroy asked for a postponement to give him adequate time to prepare an argument on sentencing. DeTroy said in his request that he had been too busy with commitments in other cases.
The embezzlement was detected in September 2014, a few weeks after Brace stepped down as president of United Mid-Coast Charities. The new president of the charity discovered the theft when he found out that $75,000 donated by a foundation had not been deposited into the charity’s bank account.
Brace remains free on personal recognizance until he is sentenced.