A court-appointed bankruptcy official says the former owner of a failed Waterbury home heating oil company spent millions of dollars in corporate money on personal expenses.
Carlton Helming, the receiver for F&S Oil, says Richard Stevens spent $3.8 million on such things as country club dues, liquor and home costs.
The company shutdown a year ago affected thousands of heating oil customers, including more than 5,300 who paid about $3.4 million in advance for their oil or service contracts.
Stevens’ lawyer says the accusations are completely unfounded.
Helming has filed a “proof of claim” in U.S. Bankruptcy Court in New Haven seeking to recover about $3.8 million from Stevens’ estate.
The receiver so far has raised more than $3 million from auctions of F&S assets. (AP)
