Financial Manager Is Held as Suspect in $282,000 Embezzlement at Company
A La Habra man was arrested Friday on suspicion of embezzling $282,000 from the company where he worked as a financial manager.
Elmer Demetion Roberto, 38, was arrested at his home at 6 a.m. by Orange County Sheriff’s deputies on suspicion of grand theft and money laundering. He was booked into Orange County Jail. Bail was set at $250,000.
Roberto, who worked at Newsome Claims Management Service Inc. in Stanton from August, 1990, to December, 1991, is accused of diverting funds from company bank accounts into his private accounts.
He is also suspected of writing checks and completing wire transfers of funds from special company accounts to pay for personal expenses and of using some of the stolen money to purchase stocks in his wife’s name and to buy a new car.
Representatives from the company contacted the Sheriff’s Department’s Economic Crime Detail Division and reported the alleged embezzlement in July.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
