3 CHARGED IN MISAPPROPRIATING FUNDS

Two former executives and the wife of one of the men have been charged with racketeering and fraud for allegedly misappropriating hundreds of thousands of dollars from a Gulf Coast marine business. Fred Pace, Andrew Crisp and Leslie Pace each face charges for allegedly misappropriating money, credit, labor, services and equipment from Legendary Marine over a 4-year period. Assistant State Attorney Russ Edgar, said the three used their positions in the business to deal in multiple sales transactions for their own personal gain, used company credit cards to charge personal items, and paid for family members’ vacations with company funds. The three were booked into the Escambia County Jail on $50,000 bonds.