Monday, January 9, 2012

Hawaii Man Sentenced For Embezzling $284K

Scott Kamiya, 34, of Honolulu, Hawaii, has been sentenced to 33 months in prison for embezzling more than $284,000 from an unnamed family trust for which he had been employed as bookkeeper.  According to authorities, over a 5 year period, from 2005 to 2010, Kamiya siphoned funds from the trust by (1) altering checks to make them payable to himself or his business entities, (2) depositing checks made payable to the trust into his own personal or business accounts, by forging endorsements of the trustee, and (3) initiating online transfers to pay his own personal and business expenses.  Kamiya made at least 107 such fraudulent transactions.  Kamiya was a local realtor and also had served on the board of directors of the Honolulu Board of Realtors, according to media reports.  He was also ordered to pay restitution in the amount of 284,219.31.

Read the story here.

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