Tuesday, April 14, 2009
California Man Indicted For Embezzling $700K From Catholic Charity
Thom V. Randle, 68, of Chico, California, was indicted last week on charges he embezzled nearly $700,000 from the Columbian Retirement Home, a nonprofit retirement facility operated by the Knights of Columbus. Randle reportedly sat on the charity's board of directors and served as its vice president of finance. He has been indicted on multiple counts of mail fraud, computer fraud and money laundering charges. According to prosecutors, Randle opening bank accounts and used a computer to unlawfully transfer some $693,000 from the charity to accounts he controlled. The thefts occurred between 2004 and 2005, according to prosecutors. Randle operates his own estate and financial planning business called Randle & Associates, LLC. He faces a minimum of 20 years in prison if convicted on all counts.
Read the DOJ's announcement here.
Update (5/15/10): Randle, now 69, pleaded guilty Friday to one count of money laundering and one count of computer fraud in connection with the embezzlement of nearly $700,000 from the Colombian Retirement Home, a Catholic Charity run by the Knights of Columbus where he had served as vice president of finance.