The former accountant for a Los Angeles record company will be counting days instead of dollars. The man received a 6-year sentence for embezzlement last month. According to prosecutors, the Sherman Oaks man pleaded no contest to grand theft, filing a false tax return and failing to file a return.
Investigators say the man worked for the record company for 20 years. Beginning in January 2006, the man began siphoning company money from the business. During that time, he wrote more than $3.1 million in checks to himself or to cash. He also made wire transfers to his accounts and made loans from the company to his business.
Company officials discovered the thefts in 2012. Police investigated the matter and filed charges against the accountant in 2016. He pleaded no contest to the charges against him in August of this year. The court ordered the man to begin serving his sentence in January 2019.
In addition to the prison sentence, the man must pay restitution on the full amount of the loss, plus 10% interest annually. That interest accrues from the date of the loss. In addition, the court ordered the man to pay nearly $300,000 in fines plus 10% interest to the California Franchise Tax Board. Those fines cover back taxes on the stolen funds, associated penalties and the cost of the investigation.
Sherman Oaks embezzlement lawyer
Embezzlement is a painful crime for everyone involved. When you face charges of grand theft from an employer, hire an experienced criminal defense lawyer like Robert Helfend. Mr. Helfend takes grand theft cases in Los Angeles County and throughout Southern California. During his more than 30 years in practice, Mr. Helfend has defended thousands of Californians accused of serious crimes.
His first priority will be to get the charges against you reduced or dropped. This is an essential part of an excellent defense. When successful, it helps to mitigate the damage that the state’s Three Strikes Law would otherwise do. Don’t assume that you have no options, or that a guilty plea is your best bet.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County embezzlement case.
Photo Credit: Dom Fellowes, via Flickr.com