3 weeks ago
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CLOVIS, Calif. (KSEE/KGPE) - A erstwhile Clovis accountant was sentenced aft stealing much than $800,000 from a bank, the U.S. Department of Justice said connected Monday.
The DOJ said 69-year-old Kenneth Gould, formerly from Clovis, was a Certified Public Accountant (CPA) and operated a payroll services institution successful Clovis. Gould was sentenced to 1 twelvemonth successful prison.
According to tribunal documents, from October 2017 to March 2018, Gould initiated respective fraudulent physics payments from 1 of his clients' accounts to his payroll company's relationship astatine the bank.
The DOJ said the slope credited important portions of the funds to Gould's relationship portion these payments were pending; erstwhile that was done, Gould would rapidly retreat those funds successful cashier's checks.
Court documents authorities that by the clip the slope realized determination were insufficient funds to screen the payments, it was excessively late; the slope would contradict the funds and effort to retrieve them, but astir $830,000 of the credited funds were already gone.
Officials study Gould gave the stolen wealth to the lawsuit from whose relationship helium initiated the fraudulent payments due to the fact that helium had loaned that idiosyncratic wealth and was hoping that, 1 day, that idiosyncratic would wage him back. Instead, the lawsuit conscionable gambled the wealth away.
