Federal officials said two men were indicted Thursday for misdirecting funds intended for the redevelopment of Dillon Stadium.
Mitchell Anderson, 51, of Avon and James Duckett Jr, 44, of Somers, were charged with conspiracy, fraud and related offenses.
In September 2014, the city of Hartford entered into an agreement with Anderson's company Premier Sports Management Group.
The agreement was to bring a professional soccer team to the city and redevelop Dillon Stadium with a 9,000 seat facility.
The company was supposed to receive around $775,000 from the $12 million plan.
Duckett, who owned Black Diamond Consulting, had agreed to become owner of the soccer team.
Both organizations said they had merged to complete the projects.
Officials said Anderson and Duckett submitted inflated invoices to the city that they were expected to give to PSMG contractors.
They allege that the businessmen instead redirected the hundreds of thousands of dollars to themselves.
The indictment charged both Anderson and Duckett with four counts of conspiracy to commit mail, wire fraud and conducting illegal monetary transactions.
If convicted for mail and wire fraud, they could face a maximum sentence of 20 years for each count.
For conducting illegal monetary transactions, they could face a maximum sentence of ten years.
The case is being investigated by the Connecticut Public Corruption Task Force, the FBI and the IRS.
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