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August 2019 Archives

California CEO pleads guilty to pension fund embezzlement

A 65-year-old California man who was the chief executive officer of a Sacramento-based real estate investment firm has admitted to embezzling $1,243,154 from his workers' pension plan. The man entered his guilty plea on Aug. 1. He faces a prison sentence of up to five years and a fine of up to $250,000 when he is sentenced in January. The case was investigated by the U.S. Attorney's Office for the Eastern District of California and the U.S. Department of Labor's Employee Benefits Security Administration.

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Law Office of Thomas A. Johnson | 400 Capitol Mall, Suite 2560 | Sacramento, CA 95814 | Toll Free: 866-974-4316 | Phone: 916-248-8598 | Fax: 916-442-4262 | Sacramento Law Office Map