Los Angeles, Ca
Riverside man sentenced for buying Coachella tickets with firm’s funds
A Riverside man was sentenced to 2 years in federal jail for embezzling greater than $350,000 from his employer to pay for Coachella tickets, a sizzling tub and different extravagant private bills.
As supervisor of the tech agency Networks 2000, Matthew P. Hernandez managed funds and was capable of switch firm cash to his private accounts, the U.S. Lawyer’s Workplace stated.
He issued direct deposits from the corporate’s checking account to repay private bank card debt and used company bank cards to purchase luxurious gadgets together with a house health club, a $3,500 sizzling tub and a watch priced greater than $1,000, the Los Angeles Instances reported Monday.
The scheme concerned a whole lot of transactions over seven years, prosecutors stated.
Hernandez, 46, had pleaded responsible to wire fraud. He was sentenced on Friday.
The sentencing additionally ordered him to pay restitution of greater than $356,600 to the San Diego-based firm, the Instances stated.