FINANCIAL CONTROLLER CONVICTED OF EMBEZZLING OVER $1.9 MILLION FROM ARCHITECTURAL FIRM AND ONE OF ITS OWNERS

Orange County District Attorney
Press Release


Tony Rackauckas, District Attorney
401 Civic Center Drive West
Santa Ana, CA 92701

For Immediate Release
Case # 10HF0152






February 25, 2011

Susan Kang Schroeder
Chief of Staff
Office: 714-347-8408
Cell: 714-292-2718

Farrah Emami
Spokesperson
Office: 714-347-8405
Cell: 714-323-4486

FINANCIAL CONTROLLER CONVICTED OF EMBEZZLING OVER $1.9 MILLION FROM ARCHITECTURAL FIRM AND ONE OF ITS OWNERS

 

NEWPORT BEACH – A financial controller of an architectural firm was convicted today of embezzling over $1.9 million by stealing from corporate accounts and the personal account of a firm owner. Salvatory Josef Fulwider, 37, Yorba Linda, pleaded guilty to two felony counts of grand theft, nine felony counts of forgery, 37 felony counts of falsifying records, and sentencing enhancements and allegations for property loss over $1.3 million, aggravated white collar crime over $500,000, property loss over $200,000, and loss over $100,000. He’s expected to be sentenced to 13 years in state prison at his sentencing June 3, 2011, at 9:00 a.m. in Department H-2, Harbor Justice Center, Newport Beach.

 

Between November 2003 and March 2009, Fulwider worked as the financial controller for Irvine-based architectural firm McLarand Vasquez Emsiek & Partners, Inc. (MVE), and was directly responsible for the corporate finances and the personal finances of at least one company owner. The defendant stole over $1.9 million.

 

Fulwider transferred over $1.3 million from the personal bank account of one of the owners, Carl M., without the victim’s knowledge or permission. The defendant used more than $550,000 of the stolen money to pay his personal credit card balance.

 

Fulwider used the remainder of Carl M.’s stolen money to pay for charges he made to an MVE corporate credit card. He then fraudulently requested and received over $680,000 in reimbursements from MVE, under the false pretense of having personally paid the balance of the corporate credit card. The defendant failed to provide any of the reimbursement payments to Carl M., who was unknowingly the true source of the credit card repayment funds.

 

In December 2008, MVE began reviewing Fulwider’s handling of financial accounts after an owner attempted to use a corporate credit card, which was declined. The defendant attempted to conceal his theft by forging his personal bank statements to falsely show that he had paid the due balance of the corporate credit card in order to justify the reimbursements he had received.  Fulwider also falsified Carl M.’s electronic personal financial records to make it appear that the fraudulent transfers from the victim’s account were personal purchases of the victim. 

 

Deputy District Attorney Marc Labreche of the Major Fraud Unit is prosecuting this case.

 

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