• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Crime

A Real Shell Game: Lawsuit Alleges $1.5 Million Worth of Maine Lobsters Were Embezzled by Company’s Co-Owner

By
Brittany Shoot
Brittany Shoot
Down Arrow Button Icon
By
Brittany Shoot
Brittany Shoot
Down Arrow Button Icon
September 7, 2018, 7:18 PM ET
Scientists Release Lobsters To Repopulate Former Habitat
HELGOLAND, GERMANY - AUGUST 03: A volunteer with the Helgoland Biological Institute (Biologische Anstalt Helgoland), part of the Alfred Wegener Institute for Polar and Marine Research, tosses an adult female European lobster (Homarus gammarus) into the North Sea before also releasing baby lobsters on August 3, 2013 off the coast of Helgoland Island, Germany. Scientists released a total of 415 one-year old lobsters as part of an effort to repopulate the lobster population around Helgoland (also called Heligoland). In the 19th century local fishermen caught up to 80,000 lobsters a year in the surrounding waters, combined with the heavy allied bombing of the island during and after World War II, as well as other environmental factors, decimated the lobster population. (Photo by Sean Gallup/Getty Images)Sean Gallup Getty Images

A Maine lobster wholesaler is claiming it was caught in a bad trap. Sea Salt, a wholesale lobster company and restaurant in the town of Saco, located southwest of Portland, is suing one of its owners. In the lawsuit, Sea Salt alleges that Matthew Bellerose embezzled nearly $1.5 million worth of lobsters by creating a sham customer account. The phony account was never billed, and the suit alleges the lobsters may have been resold elsewhere, according to the Portland Press Herald.

Sea Salt is still investigating the loss and claims the damages may actually exceed $2 million. The company is seeking damages of at least $1.4 million. Bellerose, who owned 20% of the company, was fired from the firm by the other partners in June.

According to suit, Bellerose blamed the alleged embezzlement on needing to pay for his ownership stake in the company. The suit also notes that he admitted to the crime and offered to pay back his partners over text messages that read, in part, “Guys, I just want to say I’m really sorry. I’d like to resolve this as best as I possibly can with you guys without my innocent family having to suffer for my bad decisions.”

A similar case was reported in January, when a former employee of a different wholesaler plead guilty to wire fraud after shipping 50,000 pounds—or about $360,000 worth of lobster—to a client in China. When the wholesaler was unable to collect payment, they discovered its salesman had been defrauding the firm. The former employee pleaded guilty and faced up to 20 years in prison and a $250,000 fine, according to reporting by the Press Herald.

Lobstering is a billion-dollar economy in the Pine Tree State, employing thousands in an industry reliant on wild catch of American lobsters. So it’s no surprise that loss of lobster profits regularly snags headlines in Maine and across New England, especially during peak harvest season, which lasts from July to November.

About the Author
By Brittany Shoot
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

A boat in the strait of hormuz.
EnergyShipping
Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
By Mae Anderson, David McHugh and The Associated PressMay 6, 2026
3 minutes ago
high gas prices on display, $6.79 per gallon
Economygas prices
Iran War is hitting low-income Americans the hardest at the gas pump, New York Fed says
By Christopher Rugaber and The Associated PressMay 6, 2026
15 minutes ago
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
Real EstateTaxes
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
By Catherina GioinoMay 6, 2026
1 hour ago
Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
CryptoWashington
Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
By Sharon GoldmanMay 6, 2026
2 hours ago
New execs to know across Bath & Body Works, the Ms. Foundation, and Atlanta’s new NWSL team
NewslettersMPW Daily
New execs to know across Bath & Body Works, the Ms. Foundation, and Atlanta’s new NWSL team
By Emma HinchliffeMay 6, 2026
3 hours ago
Ryanair CEO Michael O'Leary
Travel & LeisureAviation
It’s always happy hour at the airport bar, but Ryanair’s CEO is calling for a crackdown on 6am tipples: ‘Who needs to be drinking beer at that time?’
By Tristan BoveMay 6, 2026
3 hours ago

Most Popular

A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
Magazine
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
13 hours ago
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
Success
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
By Emma BurleighMay 5, 2026
1 day ago
Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds
By Sasha RogelbergMay 5, 2026
1 day ago
Dario Amodei spent last year warning of an AI white-collar bloodbath. Now he's changing the narrative
Economy
Dario Amodei spent last year warning of an AI white-collar bloodbath. Now he's changing the narrative
By Nick LichtenbergMay 5, 2026
1 day ago
Current price of oil as of May 5, 2026
Personal Finance
Current price of oil as of May 5, 2026
By Joseph HostetlerMay 5, 2026
1 day ago
Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down
Crypto
Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down
By Marco Quiroz-GutierrezMay 5, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.