Living Well, Leaving Others in the Cold

Receiver says former owner of defunct oil co. spent millions

A court-appointed receiver says the former owner of a failed Waterbury home heating oil company spent millions of dollars of corporate money on personal expenses.

Carlton Helming, the receiver for F&S Oil, said Richard Stevens spent $3.8 million on country club dues, liquor and home costs.

The company closed a year ago, affecting thousands of heating oil customers, including more than 5,300 who paid about $3.4 million in advance for their oil or service contracts.

Stevens' lawyer said the accusations are unfounded.

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