San Diego, CA – Former Accounts Payable Supervisor Edward Abellana was sentenced today to two years in prison for embezzling nearly $2 million from Argen Corporation.
Abellana, who worked at the San Diego-based metals company from December 2011 until October 2015, used his position to steal $1.9 million and fund a lavish lifestyle.
In addition to serving time, Abellana must repay approximately $1.95 million to Argen and pay over $661,000 in unpaid taxes to the IRS.
Abellana admitted to using company funds for high-end purchases like private jet rentals, luxury vacations, and sporting event tickets. He falsified company records and concealed his embezzlement by altering credit card statements.
U.S. Attorney Alana W. Robinson emphasized that the investigation and prosecution of individuals who misuse their positions for personal gain will be pursued aggressively.
Eric S. Birnbaum, Special Agent in Charge of the FBI’s San Diego Division, highlighted the importance of trust and cooperation between law enforcement and the business community to combat such crimes.
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Key Facts
- State: California
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Public Corruption|White Collar Crime
- Source: Official Source ↗
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