Ex-City Employee Engineers $534K Embezzlement

« Back to Blog

Faces Over 13 Years in Prison if Convicted

A former City of Santa Clarita, CA assistant engineer has been arrested for allegedly embezzling over $500K in “cash in lieu of bonds” refunds that were supposed to go city contractors. Setting up phony vendor names that resembled the actual vendor names and then issuing checks to the phony companies, he deposited checks into bank accounts he controlled.

Thankfully, the city has a crime insurance policy with a $1 million limit and hopes to recover the embezzled funds.

An audit revealed the crime and also recommended revisions to the refund program which the city is implementing.  If convicted, the alleged perpetrator could be sentenced up to 13 years and eight months in California state prison.

Read the full story here.

Make Sure Your Clients Have the Right Controls in Place and the Right Insurance to Cover Their Crime-Related Needs

Call Berkley Crime today, we’ll help you and your clients get the right coverage, quickly.

——————————————————————-

National Practice Leader
Sean Missal
(860) 466-7377
[email protected]

Mid-West Regional Mgr.
Michael Beranek
(501) 707-6548
[email protected]

East Regional Manager
Matt McNamara 
(212) 497-3707
[email protected]

Amanda VanCauwenberge 
(312) 730-1101
avancauwenberge@berkleycrime.com

Patricia Logan 
(212) 497-3708
[email protected]

Thomas Trieloff
(312) 705-1132
[email protected]

Cheryl Yorio 
(860) 466-7379
[email protected]

 

Everton Barrington, FLMI
(860) 466-7376
[email protected]

Alexander Doerflein 
(212) 497-3724
[email protected]

West Regional Manager
Jennifer Maggi 
(213) 417-5467
[email protected]

P: 844.44.CRIME
[email protected]
www.berkleycrime.com
Steve Nguyen 
(925) 472-8233
[email protected]

Experts focused on your protection.
We deliver.

Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, please visit: https://wrbc.info/Licensing/License.htm

 

“News You Can Use” E-Blast

Sign up for the latest news from Berkley Crime.

Let us know how
we can deliver for you!

844-44-CRIME