Kenyan man who stole $36 Million from employer Extradited From Costa Rica
A former accounting supervisor accused of embezzling more than $36 million from a Los Angeles media know-how providers firm arrived in Los Angeles Thursday afternoon after being extradited from Costa Rica to face costs, authorities stated.
Paul McDaniel, also called Edward Martin Karuku, 42, lived within the Metropolis of Orange before fleeing to Costa Rica in early-2017, U.S. Division of Justice spokesman Ciaran McEvoy stated in a written assertion.
He’s charged with 10 counts of wire fraud for allegedly stealing greater than $36 million from Hypermedia Techniques Inc. between 2009 and 2016 whereas working as an accounting manager for the company, each as an unbiased contractor, then as an worker of L.A.-based mostly E-Occasions Corp.
“McDaniel shaped a Nevada corporation with a reputation just like one in every of Hypermedia’s vendors after which opened a bank account – underneath which he had complete control – in that entity’s identify,” McEvoy stated. “He then allegedly used his authority as Hypermedia’s accounting supervisor to approve and direct payments totaling greater than $36 million to this checking account.”
McDaniel created bogus invoices utilizing real letterhead from Hypermedia vendors, officials stated.
“McDaniel used the funds to pay off $23 million in bank card payments and transferred another $8 million to his private financial institution accounts, ” McEvoy added. “Investigators consider he spent additionally tens of millions of dollars on miscellaneous bills.”
Officials arrested McDaniel in Costa Rica in 2017 and held pending extradition proceedings.
McDaniel was arrested in Costa Rica in 2017 pursuant to a provisional arrest warrant filed by america. He was held in custody throughout extradition proceedings.
If convicted as charged, McDaniel faces as much as 20 years in federal jail for every rely of wire fraud, officials stated.