Lobster Company’s Co-Owner Was Behind $1.5M Embezzlement, Lawsuit Says

A lobster wholesaler is suing one of its part owners, alleging he embezzled nearly $1.5 million from the business.

Sea Salt, which operates as a wholesaler and a restaurant on Route 1 in Saco, alleges that the part owner, Matthew Bellerose of Scarborough, set up a sham customer with another man and then sent the phony client thousands of dollars worth of lobsters without billing the customer. The lobsters were then resold, the lawsuit says.

The lawsuit, filed in York County Superior Court, alleges that $1,496,427 was embezzled from Sea Salt, but a footnote says the full amount of the loss is still being investigated and “is likely in excess of $2 (million).”

To read the rest of the story, please go to: Portland Press Herald