On Wednesday a Stamford man, Curtis Solsvig, 69, waived his right to be indicted and pleaded guilty in Hartford to a fraud offense involving his misappropriation of funds from a trust.
According to court documents and statements made in court, a married couple (the “victims”) created a trust for the primary benefit of their two children.
In 1996, Solsvig, a relative of the victims, began serving as trustee of the trust.
Beginning in 2011 and continuing for approximately eight years, Solsvig stole more than $800,000 from the trust and used the funds for a variety of personal expenses.
By the time his scheme concluded, less than $20 remained in the trust account.
Solsvig pleaded guilty to one count of wire fraud, an offense that carries a maximum term of imprisonment of 20 years. Judge Nagala scheduled sentencing for March 5, 2024.
Solsvig is released on a $250,000 bond pending sentencing.
This matter is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Conor M. Reardon.
The announcement of the guilty plea was made by Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and Robert Fuller, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation.