Wednesday, August 26, 2009

California Broker Pleads Guilty To $1.4 Million Embezzlement Scheme

Kirtikumar Menon, 41, of Mill Valley, California, pleaded guilty Monday to 8 felony counts related to the embezzlement of nearly $1.4 million from six clients through a series of complex real estate and financial deals made through his real estate company, Argentum Real Estate and Mortgage Inc. She charged include embezzlement from elders, forgery, preparing false documentary evidence and writing a check against insufficient funds. Menon faces up to 8 years in jail upon sentencing which is scheduled for September 23rd.

Read the story here and here.

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