Nice Work - Until You're Caught at It
SAN DIEGO (CN) - The CFO of a San Diego tech company admitted he stole $2.5 million from his company and used the money to buy a house in ritzy Rancho Santa Fe, federal prosecutors said Tuesday.
Alfonso Fierro Jr. admitted he embezzled $2.48 million from his employer, WSA Distributing, a wireless phone distributor, the U.S. Attorney's Office said in a statement announcing his guilty plea.
Fierro, 41, lately of Rancho Santa Fe, was Mr. Forgery for a few years, according to the U.S. attorney.
He forged signatures on WSA checks, falsified books and records to cover up his thefts, forged a signature on a WSA check for $83,700 to open escrow on purchase of a $2.8 million home in Rancho Santa Fe, then forged signatures on another WSA check to himself for $988,000, and used $767,100 of it for a second escrow deposit, according to the U.S. attorney's statement.
He falsified his income on WSA letterhead with more forgery and used his hard-earned money to, among other things, join "an exclusive San Diego country club" with a forged WSA check for $54,904, bought "luxury vehicles" with $90,000 in forged WSA checks, treated himself to "fine jewelry and watches" through another $185,382 in forged WSA checks, and took a $91,000 trip to Hawaii on a private jet, all according to the U.S. attorney.
As part of his plea deal Fierro will have to pay back the $2,480,967.11 he swiped from his employer. His next court date is May 30.
He faces up to 20 years in prison and a $250,000 fine for mail fraud.
A local police chief commented: "Most criminals aren't evil people; they're just fuckups."