Canonical URL: https://giftcard.news/fraud-security/kevin-stevens-new-york-cfo-sentencing-gift-card-purchases/ --- description: Daily Voice reports a four-to-twelve-year sentence in a mixed embezzlement scheme that used company fuel and fleet cards to obtain gift cards. title: Former New York CFO sentenced in theft involving gift-card purchases image: https://giftcard.news/images/social/v1/former-new-york-cfo-sentenced-theft-involving-gift-card-purchases-7c6cc6152846086bf961eb34c791913b.jpg --- 1. [Home](https://giftcard.news/) 2. [Fraud & Security](https://giftcard.news/fraud-security/) # Former New York CFO sentenced in theft involving gift-card purchases Daily Voice reports a four-to-twelve-year sentence in a mixed embezzlement scheme that used company fuel and fleet cards to obtain gift cards. By [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) September 9, 2026 1 min read [ Google News ](https://google.com/preferences/source?q=giftcard.news&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fkevin-stevens-new-york-cfo-sentencing-gift-card-purchases%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Former+New+York+CFO+sentenced+in+theft+involving+gift-card+purchases&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fkevin-stevens-new-york-cfo-sentencing-gift-card-purchases%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "LinkedIn") [ ](https://wa.me/?text=Former+New+York+CFO+sentenced+in+theft+involving+gift-card+purchases+https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fkevin-stevens-new-york-cfo-sentencing-gift-card-purchases%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "WhatsApp") ![Customer hands holding a blue card at a retail payment terminal](https://giftcard.news/images/variants/v1/former-new-york-cfo-sentenced-theft-involving-gift-card-purchases-customer-hands-w1280.webp) Illustrative retail checkout photograph. It does not depict the defendant, his employer or a transaction in the case. Photo: SpotOn / Unsplash [Kevin Stevens](https://giftcard.news/person/kevin-stevens/), a former chief financial officer at [A.E. Rosen Electrical Co.](https://giftcard.news/company/a-e-rosen-electrical-co/), was sentenced on September 9 to four to twelve years in prison in a theft case involving gift-card purchases, Daily Voice reported, citing the Albany County District Attorney's Office. The September 11 report says Stevens used company fuel and fleet cards to buy gift cards and traded them for drugs. It also describes other diversions, including checks drawn from company accounts, and falsified financial records used to conceal the scheme. Prosecutors put the overall theft at USD4,206,269 between January 2017 and January 2025\. That figure covers the mixed embezzlement scheme; the report does not isolate a gift-card-only loss. Stevens pleaded guilty in June to first-degree grand larceny and first-degree identity theft, and must make full restitution to the company, according to the report. The new development is the completed September sentencing. The earlier theft and plea provide context for a case in which gift cards served as one route for diverting employer funds. ## In this article ### Companies * [A.E. Rosen Electrical Co.](https://giftcard.news/company/a-e-rosen-electrical-co/) ### People * [Kevin Stevens](https://giftcard.news/person/kevin-stevens/) ### Sources and documents * [Original bylined sentencing report, September 11](https://dailyvoice.com/article/kevin-stevens-sentenced-for-theft-in-new-york-authorities/?utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) — Daily Voice * [Complete native syndication of the same report](https://www.aol.com/articles/crack-addicted-cohoes-cfo-sentenced-182542000.html?utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) — Daily Voice / AOL Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fkevin-stevens-new-york-cfo-sentencing-gift-card-purchases%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Former+New+York+CFO+sentenced+in+theft+involving+gift-card+purchases&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fkevin-stevens-new-york-cfo-sentencing-gift-card-purchases%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "LinkedIn") [ ](https://wa.me/?text=Former+New+York+CFO+sentenced+in+theft+involving+gift-card+purchases+https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fkevin-stevens-new-york-cfo-sentencing-gift-card-purchases%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "WhatsApp") ![Portrait of Daniel Brooks](https://giftcard.news/images/variants/v1/daniel-brooks-editorial-portrait-w320.webp) About the author ## [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) Journalist — Payments, Security & PCI DSS Daniel Brooks covers payment networks, financial technology, payment security, gift card fraud and PCI DSS for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Fraud & Security](https://giftcard.news/fraud-security/) News ### [giftee Group estimates JPY 550 million loss after unauthorized e-gift issuance](https://giftcard.news/fraud-security/giftee-unauthorized-egift-issuance-estimated-loss-2026/) [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) October 26, 2026 3 min [Fraud & Security](https://giftcard.news/fraud-security/) News ### [San Francisco settlement creates $1.525 million Vanilla gift-card fund](https://giftcard.news/fraud-security/san-francisco-vanilla-gift-card-restitution-fund/) [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) October 23, 2026 4 min [Fraud & Security](https://giftcard.news/fraud-security/) News ### [Valuedesign reports card-data leak as MOS resets PINs](https://giftcard.news/fraud-security/valuedesign-value-card-data-leak-mos-card-2026/) [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) October 23, 2026 4 min ```json {"@context":"https://schema.org","@graph":[{"@type":"NewsMediaOrganization","@id":"https://giftcard.news/#publisher","name":"Gift Card News","url":"https://giftcard.news/","description":"News and analysis covering gift cards, retail, loyalty, rewards and payments worldwide.","logo":{"@type":"ImageObject","url":"https://giftcard.news/icon-512.png","contentUrl":"https://giftcard.news/icon-512.png","width":512,"height":512,"@id":"https://giftcard.news/#logo"},"publishingPrinciples":"https://giftcard.news/editorial-policy/","correctionsPolicy":"https://giftcard.news/editorial-policy/"},{"@type":"WebSite","@id":"https://giftcard.news/#website","url":"https://giftcard.news/","name":"Gift Card News","description":"News and analysis covering gift cards, retail, loyalty, rewards and payments worldwide.","inLanguage":"en","publisher":{"@id":"https://giftcard.news/#publisher"},"potentialAction":{"@type":"SearchAction","target":"https://giftcard.news/search/?q={search_term_string}","query-input":"required name=search_term_string"}},{"@type":"Person","@id":"https://giftcard.news/author/daniel-brooks/#person","name":"Daniel Brooks","url":"https://giftcard.news/author/daniel-brooks/","description":"Daniel Brooks covers payment networks, financial technology, payment security, gift card fraud and PCI DSS for Gift Card News.","jobTitle":"Journalist — Payments, Security & PCI DSS","image":{"@type":"ImageObject","url":"https://giftcard.news/images/daniel-brooks-editorial-portrait.webp","contentUrl":"https://giftcard.news/images/daniel-brooks-editorial-portrait.webp","width":1254,"height":1254,"caption":"Illustrated portrait representing the Daniel Brooks editorial profile.","@id":"https://giftcard.news/images/daniel-brooks-editorial-portrait.webp#image","encodingFormat":"image/webp","description":"Illustrated portrait for Daniel Brooks, a Gift Card News editorial pen name","creditText":"Gift Card News / AI-generated illustration"}},{"@type":"ImageObject","url":"https://giftcard.news/images/former-new-york-cfo-sentenced-theft-involving-gift-card-purchases-customer-hands.webp","contentUrl":"https://giftcard.news/images/former-new-york-cfo-sentenced-theft-involving-gift-card-purchases-customer-hands.webp","width":1920,"height":1440,"caption":"Illustrative retail checkout photograph. 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