Local News in Brief : Suspect Admits Role in Plot to Steal $800,000
A Canoga Park man pleaded guilty Monday in U.S. District Court in Los Angeles to a conspiracy charge in connection with an alleged scheme to steal $800,000 from a business by using an unauthorized company check.
Jack Charles, 57, who is accused of acting as an intermediary between two other unnamed co-conspirators in a plot to siphon money from an account for Cable TV Supply Co. of Los Angeles, faces a maximum of five years in prison when he is sentenced Sept. 29, Assistant U.S. Atty. Paul Seave said.
Seave said Charles and the co-conspirators obtained a Cable TV Supply Co. check and attempted to use it to transfer company funds to a bank in the Bahamas. The plot was thwarted by an employee of Security Pacific Bank in Orange who noticed that the transfer was improper, Seave said.
The FBI was notified and helped recover the money, Seave said.
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