Written by The Business Journal Staff
A Fresno bookkeeper and her associate were arrested today on suspicion of embezzling more than $1 million from a Fresno business.
They are accused of using the proceeds to purchase a $35,000 2016 Ford Mustang GT and $25,000 for a 2012 Dodge Challenger, according to federal court records.
A grand jury indicted Brandi Marshall, 41, and Daniel Barrios, 37, on charges of conspiracy, wire and bank fraud and money laundering. The pair is scheduled to be arraigned at the U.S. District Court in Fresno Friday afternoon.
Marshall worked as a bookkeeper for the business, which was unnamed in court documents. Between October 2014 and March 2016, she is accused of depositing her employer’s client payment checks into Barrios’s personal bank account on more than 100 occasions.
According to court records, Marshall allegedly created fictitious entries in the company’s accounting application to conceal the embezzlement. The pair are suspected of embezzling $1.1 million, which was used for personal purchases including the vehicles.
If convicted, the pair face a maximum statutory penalty of 30 years in prison and a $1 million fine for each charge of wire and bank fraud (they face at least 14 such charges). They also face 10 years in prison and a $250,000 fine for conspiracy to launder money. A federal judge would determine the final penalty.
The case is a product of an investigation by the FBI. Assistant U.S. Attorney Christopher D. Baker is prosecuting the case.