Largest Grand Larceny Prosecution In Albany D.A. History

Over $4 Million was stolen from a local electrical contracting firm in the Capital Region, with the theft spanning over almost a decade.

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The jig is finally up, and it's time to take a look into one of, if not the largest grand larceny case in Albany history...

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The Theft

The man responsible is Kevin Stevens, a 62 year old from Cohoes, New York. He was the chief financial officer (CFO) for A.E. Rosen Electrical Co., Inc. In January of 2017, he used his position to use company fuel and fleet cards to purchase unauthorized gift cards, which he then exchanged for Crack Cocaine.

A man writing a check

New York State Police (NYSP) also discovered that he had issued checks to himself from company accounts to line his bank account. How did it go unnoticed? He used the company owner's information to file fraudulent financial forms, hiding his use of fleet cards.

The Arrest

On January 21, 2026, Stevens was arrested by the New York State Police Special Investigations Unit Financial Crimes Unit. It was discovered that between January 24th, 2017 and January 23rd, 2025, he had stolen $4,206,269 from A.E. Rosen Electrical Co., Inc.

He was charged with Grand Larceny 1st Degree, Identity Theft 1st Degree, Conspiracy 4th Degree, Falsifying Business Records 1st Degree, and Forgery 2nd Degree. He was arraigned in Albany City Court on a $50,000 cash or a $100,000 bond.

He will be sentenced on September 9th of 2026, and is facing 4 to 12 years in State Prison, as well as being ordered to pay back the money he stole in fill.