A Chico, California, man faces up to 20 years in prison if convicted of embezzling
nearly $700,000 from the Knights of Columbus when he served on its board of
directors.
Federal prosecutors announced last week that a federal grand jury returned an indictment charging Thom Randle, 68, of Chico, with multiple counts of mail fraud, computer fraud and money laundering offenses.
Randle is alleged to have engaged in a scheme in which he used his computer to steal funds from the Columbian Retirement Home, a nonprofit retirement facility operated by the Knights of Columbus.
Randle reportedly served on the home's board of directors as the vice president of finance. Between September 2004 and September 2005, he allegedly embezzled approximately $693,000 by opening bank accounts and unlawfully transferring funds to other accounts controlled by him. He then reportedly used the stolen funds to pay for personal expenses.
If convicted, Randle faces up to 20 years in prison for the mail and wire fraud offense, up to 20 years for the money laundering offenses, another possible 10 years for the money laundering offenses, and up to five years for the computer fraud offenses, with fines up to twice the value of the victims' losses.
According the U.S. Attorney's Office, Randle would spend a maximum of 20 years in prison. He has not been taken into custody.
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Chico man indicted for embezzlement (Chico Enterprise Record)
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