Katy resident Angelica Garcia Dunn has been charged with swindling British Petroleum out of a staggering $2.2 million, announced Acting U.S. Attorney Jennifer B. Lowery.
Dunn, 47, entered a guilty plea to scheming to defraud the oil giant, admitting to diverting the funds to her own business accounts. As a contract escrow agent, she had authority over the bank account through which BP made vendor payments.
According to the investigation, Dunn received lump sum payments from BP and used the funds to pay vendors, but instead of passing the money on, she kept it for herself. The total amount swindled comes out to $2,282,148.53.
The FBI conducted the investigation, and Assistant U.S. Attorney Melissa Annis is prosecuting the case.
Angelica Garcia Dunn faces up to 20 years in prison and a possible $250,000 maximum fine when she is sentenced on September 30. She was permitted to remain on bond pending the hearing.
U.S. District Judge Alfred Bennett accepted the plea, bringing an end to the lengthy investigation.
As a contract escrow agent, Dunn was entrusted with sensitive financial information and had access to BP’s vendor payments. Her actions not only damaged the company but also put her own employees at risk of job loss and financial struggles.
The guilty plea serves as a stark reminder of the consequences of white-collar crimes and the importance of accountability in the business world.
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Key Facts
- State: Texas
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: DOJ Press Release â†â€â€
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