Employee Embezzles $4 Million

Updated: May 22, 2018

Former LA Department of Water and Power Pleads No Contest

A former audio-visual technician for the Los Angeles Department of Water and Power pleaded no contest March 2 to charges he embezzled more than $4 million in public funds.

According to the Los Angeles Daily News, Thatcus Richard pleaded no contest to nine felony counts each of embezzlement by a public officer, public officer crime and conflict of interest.

Mr. Richard faced allegations that between July 1996 and March 2014, he enlisted friends to establish audio-visual companies, helped award contracts to those firms, and in return the companies would subcontract the work to a firm he owned.

The 65-year-old former employee is due to be sentenced in June. (Source: Los Angeles Daily News, March 2.)

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