Cupertino man has to pay $11.7 million in restitution and is sentenced to four years in prison after embezzling millions from a Saratoga Church. The man defrauded wealthy donors for over 12 years and bought millions of dollars in properties. His average annual salary was reported to be about $65,000.
The man and his wife were each charged with:
- one count of conspiracy to commit wire or mail fraud
- four counts of wire fraud
- one count of conspiracy to commit money laundering
- three counts of money laundering
He must also forfeit his interest in five properties with a total of about $8.8 million.
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