ORANGEWOOD CHILDREN’S FOUNDATION’S CHIEF FINANCIAL OFFICER CHARGED FOR STEALING MORE THAN $780,000 FROM THE CHARITY

OCDASeal

Orange County District Attorney
Press Release


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

For Immediate Release
February 1, 2007

Contact:

Susan Kang Schroeder
Public Affairs Counsel
Office: 714-347-8408
Cell: 714-292-2718

ORANGEWOOD CHILDREN’S FOUNDATION’S CHIEF FINANCIAL OFFICER CHARGED FOR STEALING MORE THAN $780,000 FROM THE CHARITY 

SANTA ANA – A Yorba Linda woman faces felony charges for stealing more than $780,000 from Orangewood Children’s Foundation as its Chief Financial Officer.  Tracy Lynn Salcido, 37, is charged with 206 counts of forgery and 20 counts of falsifying records.  If convicted, she faces a maximum sentence of 143 years in prison.  She is being held on $750,000 bail and is scheduled to be arraigned Monday, February 5, 2007 at the Central Justice Center in Santa Ana.  

From March 3, 1999 to July 27, 2005, as the Chief Financial Officer for the charitable nonprofit in Santa Ana, Salcido is accused of manipulating accounts and forging checks on approximately 206 occasions to steal more than $780,000 from the Orangewood.  Salcido is accused of forging checks and then hiding the stolen money by underreporting revenue and overstating Orangewood’s expenses.  She is accused of depositing forged checks into the account of another company that she was also employed by, United Retailer/United Convenience Stores, and then accessing that account to withdraw the money and use it for personal gain.        

The Santa Ana Police Department (SAPD) investigated this case and arrested her today. SAPD’s Economic Crimes Unit is composed of four detectives and three investigators assigned to investigate a multitude of financial crimes such as Major Fraud, Check Fraud, Elderly Financial Abuse, and Identity Theft.

Senior Deputy District Attorney Mark Sevigny of the Economic Crimes Unit is prosecuting this case.

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