A former CBS Employees Federal Credit Union manager has admitted that he embezzled more than $40 million from his employer over two decades. The 62-year-old man entered his guilty plea to embezzlement charges on May 20 in the U.S. District Court for the Central District of California. He faces the prospect of being sent to prison for up to 30 years when he is sentenced on Sept. 16. He has been held in federal custody since March because U.S. attorneys believe that he is a flight risk and poses an economic threat to the community.
Facing federal criminal charges can be a difficult experience. For many defendants, the thought of having to face a federal prosecutor in a trial is not exactly appealing. People who admit that they did the crimes they are accused of might choose to look into the possibility of a plea deal. This is a defense option that wouldn't require them to go against the prosecutor.
A California man pleaded guilty to embezzling thousands of dollars from his employer over a period of nearly three years. One count of mail fraud and one count of subscribing to a false income tax return will result in a sentence of 23 years in prison along with fines and restitution that could top $1 million.
Attorney Michael Avenatti has gone from mulling a 2020 presidential bid to being indicted on a raft of charges in both California and New York within the space of a few months. The bombastic litigator became a regular cable news guest when he announced that he was suing President Donald Trump over an alleged affair with the adult film actress Stormy Daniels. However, he was a far more subdued figure on April 29 when he entered pleas of not guilty to multiple counts in a Los Angeles district court.