Last month, a federal grand jury returned a 17-count indictment against Kami Elois Power, 54, of Gardnerville, Nevada, charging her with wire fraud, bank fraud, and aggravated identity theft.
Power worked as an office assistant at a family-owned construction company in South Lake Tahoe. During her employment, Power embezzled more than $1.4 million dollars from the company. She disguised more than $700,000 of these fraudulent transfers as payments made to vendors that the company worked with — under fake profiles she created in the names of real companies, as well as fake companies that resembled her own initials, such as “KEP Inc. Sale” and KPI.”
According to the FBI, Power disguised additional fraudulent transfers as payments for payroll or reimbursements. Power also used the company’s credit card to make unauthorized personal purchases and paid down the balance of her own personal credit cards with the company’s money. Power used the stolen money to purchase property, luxury cars, ATVs, and a horse.
This is why oversight is so important! Jerry of Ipsen Due Diligence assists contractors by investigating and providing oversight by means of quarterly audits to protect them from being victimized by crimes such as embezzlement and misappropriation.

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