JC Stamps, Embezzlement, Maryland 2008

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Union Official Pleads Guilty to $190,000 Embezzlement

JC Stamps, a former union official, has pleaded guilty to embezzling more than $190,000 from two labor organizations he founded and an employee benefit plan.

According to court documents, Stamps devised a scheme to defraud and embezzle money from the unions and the National Union of Protective Services and Employers Health and Welfare Fund, an employee benefit plan for which Stamps was a trustee.

Between 2004 and 2008, Stamps used money from the Health and Welfare Fund’s bank account to pay American Express for a total of $48,541 in credit card charges for personal purchases and union expenses.

In addition, Stamps caused the withdrawal of $36,203 from the Health and Welfare Fund’s bank account to pay an attorney for legal expenses incurred by the unions – and not for the fund’s intended purpose.

Stamps also stole and embezzled at least $109,866 from the unions from 2004 to 2008. More than half of this money was used to cover debts of Stamps Associates, Stamps’ security guard company.

Stamps, 67, of Upper Marlboro, Maryland, pleaded guilty to one count of theft from an employee benefit plan. The Honorable Chief Judge Richard W. Roberts of the District Court for the District of Columbia scheduled sentencing for Sept. 17, 2014.

Stamps has agreed to pay $194,611 in restitution and is subject to a forfeiture money judgment in the amount of $84,745. The case was investigated by the U.S. Department of Labor’s Office of Inspector General and Office of Labor Management Standards and Employee Benefits Security Administration.

The case was prosecuted by Trial Attorney Kelly Pearson of the Criminal Division’s Organized Crime and Gang Section and Assistant U.S. Attorney Ellen Chubin Epstein of the U.S. Attorney’s Office for the District of Columbia.

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