The former CEO and cofounder of a Boston-based mobile phone music streaming service was charged with wire fraud in connection with a scheme to embezzle hundreds of thousands of dollars from his employer.

David Fondots, 56, was charged by criminal complaint on one count of wire fraud. Fondots was arrested last week and made an initial appearance in federal court in Boston this afternoon.

According to the complaint affidavit, Fondots misappropriated company funds which he used for his personal benefit. It is alleged that between 2014 through 2016, Fondots caused his company to pay significant sums of money directly to himself, to a family member and to companies controlled by a family member.

Fondots used the embezzled funds to pay personal expenses for himself and his family, including car payments, legal fees and travel, among other things.

He faces up to 20 years in prison, three years of supervised release and either a fine of $250,000 or twice the amount he embezzled from his employer.