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Cova Campbell, the previous finance director, pleaded responsible to taking practically $7 million from the general public company in three years.
Editor’s notice: the above video ran in 2019.
A former Pierce County Housing Authority finance director pleaded responsible on Friday to wire fraud in connection together with her scheme to steal practically $7 million to purchase private property, the U.S. Lawyer’s Workplace introduced.
Cova Campbell, also referred to as Cova Hunter, was fired from her place as finance director on the Pierce County Housing Authority in 2019 after the state auditor uncovered financial irregularities.
She had been in command of the general public company’s $32 million annual finances, with little oversight. Campbell was arrested final 12 months in Oklahoma.
The auditor’s workplace reported that Campbell and her husband had stolen $6.9 million since 2016 and used the cash to purchase property in Oklahoma, amongst different issues.
The Pierce County Housing Authority is a public authorities company that gives housing alternatives for individuals with decrease incomes. Campbell was in command of the housing authority’s finances, which comes from federal, native and state packages, in addition to from hire on its properties.
The auditor reported that the fraud included $25,000 in private purchases on the Housing Authority’s bank cards, $3.2 million in transactions disguised as vendor funds, $635,000 in wire transfers to an out of state financial institution and greater than $Three million in wire transfers on to Campbell’s private account.
The wire transfers had been as excessive as $500,000, in accordance with the U.S. Lawyer’s Workplace.
Based on the U.S. Lawyer’s Workplace, Campbell additionally falsified invoices, labeling them as investments, insurance coverage or upkeep.
Campbell pleaded responsible to utilizing the cash to major her property in Oklahoma, for enhancements to her Lakewood house and for journey, together with journeys to Las Vegas and the chartering of a personal jet, in accordance with the announcement from the U.S. Lawyer’s Workplace. She additionally admitted to utilizing the cash for the acquisition of two vehicles and for playing and web gaming.
Campbell faces as much as 20 years in jail when sentenced by U.S. District Decide Robert J. Bryan on April 8, in accordance with the U.S. Lawyer’s Workplace. She additionally should pay restitution of $7 million.
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