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Arkansas Woman Indicted For Defrauding the Monterey Bay Aquarium Research Institute | News

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Arkansas Woman Indicted For Defrauding the Monterey Bay Aquarium Research Institute
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By Chloe Beardsley - email

SAN JOSE, Calif. -- The U.S. Department of Justice announced an Arkansas Woman has been indicted for defrauding the Monterey Bay Aquarium Research Institute.

The U.S. Attorney's Office said a Federal Grand Jury in San Jose indicted Lisa McMahon of Mountain View, Arkansas for wire fraud and theft from MBARI.

MBARI is a non-profit organization for research and education in ocean science and technology. They have a station located in Moss Landing, CA. Research for MBARI is partially paid for by the federal government.

According to the indictment, McMahon was employed as a payroll specialist at MBARI. The indictment said McMahon was working as a payroll specialist who was responsible for wage payments, 401(k) contributions and loans for employees.

More information on the indictment according to the U.S. Department of Justice:

"The indictment alleges that, from at least 2005 until January of 2012, McMahon devised and executed a scheme to defraud MBARI by altering payroll and 401(k) records to cause and conceal fraudulent payments to her personal accounts. According to the indictment, McMahon caused the transfer of approximately $800,000 of MBARI funds to her personal accounts without the authorization or knowledge of her employer.

McMahon's initial appearance is scheduled for Thursday, June 6, 2013, at 10:30 am, in front of The Honorable Paul S. Grewal, U.S. Magistrate Judge, in San Jose, California.

The maximum statutory penalty for each count of wire fraud in violation of Title 18, United States Code, section 1343, is twenty years imprisonment and a fine up to twice the pecuniary gain or loss associated with the offense, plus restitution. The maximum statutory penalty for each count of theft from a federal program in violation of Title 18, United States Code, section 666, is ten years imprisonment and a fine up to twice the pecuniary gain or loss associated with the offense, plus restitution. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence."

To read the full indictment, CLICK HERE.

For a recent KION News article, click link below:

MBARI: $800,000 May Have Been Embezzled Over 9 Years

 

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