Monday, November 16, 2009

California Man Arrested In $380K Embezzlement Case

Jorge Jensen Baraibar, 46, of Benicia, California, was arrested last week on charges he embezzled at least $380,000 from Bobac C.F.S. Corp. in Alameda, California, where he had been employed. According to prosecutors, Baraibar deposited hundreds of checks from clients of Bobac into two accounts he set up for himself at Wells Fargo Bank and and Mission National Bank. He has been charged with 182 counts of grand theft. Investigators reported that Baraibar deposited nearly 1,000 checks into his accounts over a period of about 18 months, starting in January 2007. He was fired last August when the discrepancy was discovered.

Read the story here.

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