A Vancouver man was sentenced Monday to 20 months in federal prison for embezzling $ 400,000 from a San Diego-based investment firm.
Derick Jonathan Cameron, 38, previously pleaded guilty in U.S. District Court for the Southern District of California to a wire fraud charge while employed as a financial controller for RAL Investment Corporation.
Cameron has admitted to issuing more than 200 unauthorized checks to himself using the electronic signature of the company’s chief financial officer and depositing them into his personal bank account, according to the US attorney’s office. He changed the company’s accounting records to make it look like the checks were issued to a vendor for business expenses.
The company fired Cameron after discovering the fraud in April 2018 and reported it to law enforcement when he failed to reimburse the company within the agreed timeframe.
US District Judge Todd W. Robinson also ordered three years of supervised release and a fine of $ 8,000. Cameron had already repaid the company $ 200,000, according to a press release, and the judge ordered him to pay the rest of the money he stole. He must pay $ 10,000 of this amount by March 12.
“The impact of fraud on small businesses can be devastating,” US Attorney Randy Grossman said in the press release. “This defendant abused his position of trust to enrich himself, and he was held responsible for his crime.”
Cameron is due to visit the Prisons Office by March 14.