3 Charged in $1.2 Million Embezzlement _ Albuquerque Journal u s anti money laundering laws

………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ……….ALBUQUERQUE, N.M. — three former officials of sundance services inc., an oil field waste disposal company in eunice, have been criminally charged with wire fraud and money laundering, including siphoning money from the business for concert tickets to def leppard, an RV and a harley davidson and funds to build a private home.

The 68-count federal indictment, unsealed last week, alleges that donna L. Roach, 40, and kelly D. Roach, 46, of eunice, and michael G. Patterson, 59, a former hobbs resident now living in green river, wyo., embezzled more than $1.2 million from sundance between 2005 and 2008.

Kelly roach was arrested may 22 and made his initial appearance in federal court in roswell the same day.U s anti money laundering laws he pleaded not guilty last friday in federal court in las cruces and was released on a $10,000 surety bond and pretrial supervision.

Donna roach and patterson have been summoned to appear in roswell for arraignment on the indictment on june 5.

Donna roach was employed as president of sundance from 1998 to 2008, while her husband kelly roach and patterson were employed as the company’s plant manager and sales manager, respectively, the indictment says.

The alleged fraudulent activity on sundance accounts ramped up from 2005 to 2008, while the owner was living abroad and not actively involved in the company’s day-to-day operations and donna roach had sole responsibility for sundance’s payroll, bookkeeping, accounting and human resources.

All three are charged with conspiracy, which along with the substantive wire fraud charges, carries a maximum penalty of 20 years of imprisonment and a fine of $250,000 or more, as well as individual counts of wire fraud.U s anti money laundering laws

They are also charged with conspiracy to commit money laundering, which carries a potential penalty up to 20 years in prison and $500,000 fine.

The indictment also seeks forfeiture of property derived from proceeds of the alleged illegal conduct, including real property in eunice, three vehicles and a motorcycle and a money judgment of at least $1.2 million.

Prosecutors contend the three officials accomplished the alleged diversion of funds in four ways: first, donna roach and patterson allegedly created a fictitious construction company that defrauded sundance of approximately $752,689 by submitting fraudulent invoices requesting payment for fictitious services. Donna roach also allegedly issued and signed unauthorized paychecks and bonus checks from sundance accounts that were made payable to donna roach, kelly roach and patterson. Donna roach and kelly roach allegedly used sundance credit cards for personal, non-business expenses, including vacations, furniture and elective surgery for donna roach.U s anti money laundering laws

Finally, donna roach allegedly issued and signed numerous checks from a sundance account to pay third parties for the defendants’ personal expenses, including construction of the personal residence of donna roach and kelly roach.

— this article appeared on page D1 of the albuquerque journal