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Brewster alumnus and former trustee arrested in Wolfeboro

CHRISTOPHER J. BRITT in a photo printed when he was elected a trustee of Brewster Academy. (Courtesy photo)
April 08, 2010
WOLFEBORO — The arrest in Wolfeboro of Christopher J. Britt, 26, on Feb. 22, on charges of theft by unauthorized taking and passing bad checks most likely came as a surprise to those who know him as a Brewster Academy graduate (class of '02), an alternate on the Zoning Board of Adjustment, a former member of the Brewster Board of Trustees (from which he has recently resigned) and a former president of the school's alumni association.

Britt is the founder and Chief Executive Officer (CEO) of Priviley, a Boston-based full service accounting firm. The Carroll County Superior Court record of his case, filed on March 9, lists four complaints against him filed by Lt. Dean Rondeau of the Wolfeboro Police Department.

The first, a Class A felony, claims that "the defendant did knowingly obtain or exercise unauthorized control of the property of another, by opening an account at Bank North in the name of Priviley LLC and causing monies in the amount of $10,000 to be deposited into the account from an overdrawn or closed UMB Bank/Fidelity Investments account and then drawing on the monies from the Bank North account in the amount of $10,000."

The second, also a C lass A felony, is a complaint that Britt passed a bad check to that same account in the amount of $3,500 "where payment was refused by the drawee for insufficient funds." The third and fourth complaints, Class B felonies, involve amounts of $3,000 and $3,500 drawn on the account after it was closed.

Britt was required to produce $35,000 cash or a corporate surety bond, must wear an electronic monitoring device and remain in New Hampshire. His address stated in the report is in Canterbury, but he reported a Wolfeboro residence when he applied to serve as an alternate on the Zoning Board of Adjustment in October, 2009.

His name is cited in a civil action (08-cv-11717-WGY) submitted to the United States District Court for the District of Massachusetts by attorney Geoffrey R. Bok of Stoneman, Chandler and Miller LLP on behalf of Phone.com, LLC and Escom LLC vs. Sovereign Bank on Feb. 26, 2010, which claims that the plaintiffs lost a total of $460,461.62 in 2007 and 2008 because "Sovereign wrongfully allowed an unauthorized individual, namely Mr. Christopher Britt, to withdraw or otherwise take control over $155,612 in funds belonging to Phone and to another $304,849.62 in funds belonging to Escom, even though Britt had no signing authority on the plaintiffs' Sovereign accounts or any other legal authorization to take such actions."

Sovereign Bank does not dispute the theft; in fact, it claims in its brief that "the issue in this case is whether Sovereign should bear any responsibility for the losses caused by the Plaintiffs' bad bookkeeper."

While that matter comes to the federal court in Massachusetts, Britt has waived a probable cause hearing and his case is expected to go before a grand jury for indictment at the end of June.

Martin Lord Osman
Varney Smith
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