Woman Guilty of Embezzling $300K+ From Downeast Mill Investor

Catherine Pegram

Updated 4 months ago

 

A woman from Portland is waiting to be sentenced after a jury convicted of her of embezzling more than $300,000 from a Chinese company that planned to invest in a paper mill in Baileyville.

61-year-old Jody Flynn stole the money between December 2009 and January 2010.

Assistant Attorney General Leanne Robbin says Flynn spent it on her daughter’s college tuition, a car for her son and real estate, among other things.

Flynn formed a company to help with the sale of the former Domtar paper mill and funneled the money from one of the investors.

Flynn was also a founding partner in Red Shield Environmental, the company that bought the mill in Old Town in 2006.

That mill just closed down last week under different ownership.

The embezzlement case focused strictly on the Baileyville mill.

(Photo: Former Red Shield Mill in Old Town)

 

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