White collar crimes: 1 accused of embezzling nearly $600,000

On Behalf of | Oct 11, 2018 | White Collar Crimes

When company officials receive reports of missing funds, they may deploy a variety of tactics in identifying the cause of financial concerns. If employees have access to company funds, an investigation could leave officials pointing a finger of blame toward one or more parties. A man in California is reportedly under investigation for white collar crimes after he was accused of embezzling as much as $600,000 from a swim club.

According to reports, the man formerly held a position as both a coach and chief executive officer at the swim club. However, his position at the club was recently terminated after board members brought forth allegations that he had embezzled a substantial sum of money from the company. Board members reportedly contacted law enforcement agents and filed a report of the alleged act, and an investigation was initiated.

While the investigation remains underway, no further details were provided as to how the members of the board came to believe the man had stolen company funds. Police have also advised that they are currently waiting to obtain information verifying that the funds were missing. Those who encounter allegations of embezzlement may choose to prepare for what comes next by focusing on forming a strong defense, but they might need guidance in the process.

White collar crimes such as embezzlement carry serious consequences if a conviction is obtained. Individuals who face similar charges could benefit from consulting with an attorney as soon as possible for advice on what to expect from the process. An attorney in California can examine the charges and evidence against a client thoroughly and assist him or her in pursuing the most favorable outcome achievable during subsequent legal proceedings.

FindLaw Network
Gary Jay Kaufman
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