Friday, February 05, 2016

That was quick: Laura Zellerback, Long Beach, convicted for embezzlement from youth soccer club

Posted By CotoBlogzz

Rancho Santa Margarita, CA – Well, that was quick!  See our previous report:  Laura Zellerback, Long Beach, to be arraigned today for embezzlement from youth soccer club

Zellerbach, 41, Long Beach, pleaded guilty today to one felony count of embezzlement by fiduciary of trust, one felony count of falsifying records, one felony count of money laundering, and one felony count of computer access and fraud, with a sentencing enhancement for property damage or loss over $65,000.
She was sentenced today to five years formal probation, one year in jail, and ordered to pay $227,000 in restitution. The defendant has returned $106,000 in restitution prior to her sentencing today.

Between April 2013 and January 2015, Zellerbach served as treasurer for the Fullerton Rangers Youth Soccer Club (FRYSC). She had access to all of the individual team accounts and club organization accounts. At the time of the crime, she handled the finances for a business she and her husband owned, Zellcorp Inc. dba Restaurant Packaging Group.

Zellerbach embezzled over $174,000 from FRYSC by transferring money from the various team accounts into her own personal account, withdrawing FRYSC's money at a bank or ATM, and through debit card transactions.

She laundered the embezzled money by transferring the funds into her personal accounts and using the money as capital loans from her personal account to fund Zellcorp Inc. She withdrew over $20,000 for a cashier's check to partially pay for a European vacation for her children. Zellerbach resigned as treasurer after FRYSC board members began questioning her about the organization's finances.

The Fullerton Police Department investigated this case and arrested Zellerbach on Feb. 3, 2016.

Deputy District Attorney Chuck Lawhorn of the Major Fraud Unit/White Collar Crime Team prosecuted this case.

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