Former Mars chocolate employee from Connecticut admits stealing $28 million from company

Paul Steed, 58, of Stamford, pleaded guilty Thursday to fraud and tax offenses he committed while defrauding the chocolate company out of millions of dollars.

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.

RELATED: Former Mars chocolate employee from Connecticut allegedly defrauded company out of $28 million

He has agreed to pay back $28,410,489 in restitution to Mars, according to a report from the Interim

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