Former Orange County school official arrested for embezzling $14 million from district

  • 📰 CBSLA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

Federal law enforcement arrested a former school official for embezzling $14 million from an Orange County school district.

Federal authorities arrested a former Orange County school district employee after he allegedly embezzled $14 million to pay off his house and many other luxurious services. According to the Department of Justice, 52-year-old Jorge Armando Contreras embezzled this money over a seven-year period.Contreras served as the Magnolia School District's senior director of fiscal services and managed the district's finances since he was hired in 2006.

Each of these checks ranged from $11,000 to as high as $95,000. He used a fake name on the checks but the money was deposited into his personal bank account. From August 2022 to July 2023, he allegedly embezzled $4.1 million from the Magnolia School District. He used this money to pay $1.9 million to American Express, withdrew $325,000 in cash and bought a house for more than $1.5 million, according to the DOJ.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 552. in EDUCATİON

Education Education Latest News, Education Education Headlines