A local film producer pleaded guilty to embezzlement for his role in the theft of nearly $1.5 million from his business partner. The money represented the proceeds of a film deal.
Julio Caro was charged with embezzling the funds from the Yucaipa Corporate Initiatives Fund over a period of five years. Caro intercepted the proceeds of the deal and transferred it to accounts he controlled privately in New Jersey.
Caro’s film production company, Broken Rose, LLC, entered into a limited partnership with Yucaipa to produce two films, which were later distributed by Warner Brothers. Yucaipa provided much of the funding to produce the films. Warner Brothers gave the distribution proceeds to Caro, who should have forwarded the money to Yucaipa. Instead, Caro redirected the money to pay for his own personal expenses. Caro was arrested and charged with interstate transportation of stolen property. If convicted, he faces a maximum of 10 years in federal prison
Ventura Embezzlement Attorney
Large-dollar embezzlements gain a lot of attention in the press, mainly because they involve a lot of money. While embezzlement is a criminal matter, most victims simply want to be made whole. If you’ve been accused of embezzlement, you need the assistance of an experienced embezzlement attorney like Robert Helfend.
Robert Helfend has more than 30 years of experience exclusively in criminal defense. He takes cases in both the state and federal court systems, and has provided superior criminal representation for thousands of people in Southern California. You’ll get personal service when you work with Robert Helfend because he handles each case personally. Your case won’t get shuffled to a less experienced criminal defense attorney.
When you’re facing embezzlement charges, your life and livelihood could be at stake. Invest in your future by choosing the best, most experienced defense attorney available.
Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County embezzlement case.
Photo Credit: Jason, via Flickr.com