[vc_row][vc_column][vc_column_text]Mai Houa Xiong, a financial manager from California, pleaded guilty to wire fraud, identity theft and filing a false tax return after embezzling over $1 million from her employer, a property management company in Minneapolis.
Xiong was the financial manager for the company and had access to the financials, bank accounts, vendor and contract payments and bookkeeping of several Homeowners Associations. From 2015 to 2022 she stole from HOA fees intended for maintenance, construction, and other costs, by disguising electronic transfers to her personal bank accounts as legitimate expenses. She also used her authority as a signatory to make cash withdrawals directly from the HOAs’ accounts, including making withdrawals for months after she was fired from her position in July 2021.
After Xiong was fired she began collecting unemployment benefits, and continued to do so even after she found another job.
Xiong faces several years in prison and restitution to her employer and the IRS.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][us_image image=”960″][/vc_column][/vc_row]
