NEWS RELEASE SUMMARY – July 21, 2021
SAN DIEGO – Derick Jonathan Cameron of Vancouver, Washington pleaded responsible in federal courtroom right this moment to wire fraud, admitting that whereas employed because the Monetary Controller for San Diego-based RAL Funding Company, he embezzled greater than $400,000.
In a listening to earlier than U.S. Justice of the Peace Decide Jill L. Burkhardt, Cameron admitted he abused his entry to the corporate’s accounting software program and issued greater than 200 unauthorized checks to himself utilizing the digital signature of the corporate’s CFO and deposited them into his private checking account. He then hid the funds by manipulating the corporate’s accounting information to make it seem that every examine was issued to a reliable third-party vendor for a enterprise expense. The corporate found Cameron’s fraudulent exercise in April 2018, fired Cameron, and reported the conduct to legislation enforcement when Cameron was unable to make his promised repayments on schedule.
“The affect of fraud on small companies will be devastating,” mentioned Appearing U.S. Lawyer Randy Grossman. “This defendant abused his place of belief to counterpoint himself, and he has been held to account for his crime.” Grossman praised Assistant U.S. Lawyer Rebecca Kanter and the FBI case brokers for his or her work dealing with this case.
“Mr. Cameron handled his job as Monetary Controller as his personal personal expense account pondering he deserved more cash,” mentioned FBI Particular Agent in Cost Suzanne Turner. “His actions put the livelihood of the enterprise in peril and hopefully right this moment’s responsible plea brings a way of justice and closure to the sufferer on this case.”
Cameron is scheduled to be sentenced on October 18, 2021 at 9:30 a.m. earlier than U.S. District Decide Todd W. Robinson.
DEFENDANT Case Quantity 21cr2128-TWR
Derick Jonathan Cameron Age: 37 Vancouver, Washington
SUMMARY OF CHARGES
Wire Fraud – Title 18, U.S.C., Part 1343
Most penalty: Twenty years in jail and $250,000 positive, or twice the achieve/loss, whichever is larger
Federal Bureau of Investigation