HARTFORD, Conn. (AP) — A former executive of a subsidiary of famed candymaker Mars Inc. has been charged with stealing more than $28 million from the company in various schemes. Paul Steed of Stamford, Connecticut, was arrested on multiple wire fraud and tax evasion charges on Wednesday. He pleaded not guilty in federal court in Bridgeport and was ordered detained until trial. Steed has been a respected sugar market expert and was global price risk manager for Mars Wrigley. A federal indictment alleges that he diverted funds to companies he set up. Steed’s lawyer did not immediately respond to a message seeking comment.
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