The CEO of Arizona, James Vincent Campbell, was his indictment Unbroken In Maryland. He was charged with embezzlement after discovering that he had received $ 2.4 million from the Pension Income Plan for employee (ERISA).
Campbell spent “an important part” of the money he stole between 2015 and 2024 to pay his gambling habits in casinos, as well as “big gaming trips” in Alaska and other sites around the world. It was reported that he stole a total of $ 2,486,905, which exceeds the Public Affairs Office, which was not owed to the Axim, the company he was running.
The CEO now faces up to 10 years in prison for each of the 11 charges of money laundering. It will also face an additional five years of theft of the ERISA plan.
AXIM business imposed $ 40 per month to deal with payments for customers who were paying insurance premiums and retirement advantages.
The case of embezzlement of Arizona was launched in 2024
The investigation was It was launched in 2024When Avint was suspected of making money mismanagement. In the original claim, this was due to the payment of the expenses of their clients by government contractors. Instead, Campbell was on vacation to shoot wildlife and pay his girlfriend with large cash.
It was monitored when Axim started transferring money to their operations account from ERISA plans. Speaking in 2024, the regional lawyer, Samenda Thomas, said:
“The Ministry of Labor will not hesitate to litigate against credit who misunderstands the assets.
“The criteria may not use the assets of the ERISA plan to pay the expenses of employers, and that those who do so must expect to face enforcement procedures.”
Often, we do not submit a report on embezzlement, but we covered three individual stories this year. In March, a fine of $ 9.6 million was slapped against Olympic Casino GroupWhile April, CEO had previously been released The arrest warrant. In July, the accusation was also charged Spend 800 thousand dollars On gambling.
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