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San Diego, California - Derick Jonathan Cameron of Vancouver, Washington pleaded guilty in federal court Wednesday to wire fraud, admitting that while employed as the Financial Controller for San Diego-based RAL Investment Corporation, he embezzled more than $400,000.
In a hearing before U.S. Magistrate Judge Jill L. Burkhardt, Cameron admitted he abused his access to the company’s accounting software and issued more than 200 unauthorized checks to himself using the electronic signature of the company’s CFO and deposited them into his personal bank account. He then concealed the payments by manipulating the company’s accounting records to make it appear that each check was issued to a legitimate third-party vendor for a business expense. The company discovered Cameron’s fraudulent activity in April 2018, fired Cameron, and reported the conduct to law enforcement when Cameron was unable to make his promised repayments on sch
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Vancouver man pleads guilty in theft of $400,000
He embezzled money from his employer, based in California By Jessica Prokop, Columbian Assistant Metro Editor
Published: July 21, 2021, 5:57pm
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A Vancouver man pleaded guilty Wednesday in federal court to wire fraud after embezzling more than $400,000 from his San Diego, Calif.-based employer, according to the U.S. Attorney’s Office for the Southern District of California.
Derick Jonathan Cameron, 37, was employed as the financial controller for RAL Investment Corp. He admitted to abusing his access to the company’s accounting software to issue more than 200 unauthorized checks to himself, the U.S. Attorney’s Office said in a news release.