Sunday, November 22, 2009

California Skateboarding CFO Charged In $365K Embezzlement Case

Matthew Mercuro, 36, of San Clemente, California has been charged with embezzling some $365,000 from teenage professional skateboarder Ryan Sheckler, for whom he had been employed as chief financial officer. He has been charged with two felony counts of grand theft and faces nearly 7 years in prison if convicted on both counts. According to prosecutors, Mercuro transferred funds from Sheckler's companies to personal accounts of his wife and a friend. The thefts apparently occurred between June 2008 and April 2009, when Mercuro worked for Sheckler's companies, Ryan Sheckler Rips LLC and Sheckler Merch 2 LLC. Sheckler had a reality TV show called "Life of Ryan," which was canceled earlier this year.

Read the story here and here.

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