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Ex-treasurer of Mahopac FD admits to embezzling over $5.5M

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Michael Klein says he spent the money on a yacht, a home in Florida, antiques and jewelry. Michael Klein says he spent the money on a yacht, a home in Florida, antiques and jewelry.
MAHOPAC -

Officials say Michael Klein admitted to one count of wire fraud, six counts of subscribing to false tax returns, one count of obstructing a grand jury investigation and one count of making false statements.

Klein, 48, told a federal judge that he spent the money on a yacht, a Florida home, antiques and jewelry.

READ MORE: A look back at Thursday's story

Klein faces 67 years in jail, and he will have to return the items he purchased with the stolen money as part of his plea deal.

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