California Woman Pleads Guilty to Embezzlement More Than $1 Million from Her Employer

 Mai Houa Xiong of Fresno, California, pleaded guilty to wire fraud, aggravated identity theft, and filing a false tax return after stealing more than one million dollars from her employer. Xiong was a financial manager of a property management company in Minneapolis, Minnesota. Her duties included bookkeeping, and she had access to the victim associations' finances, bank accounts, and vendor payments. From February 2015 to February 2022, she transferred money directly into her personal bank accounts and made cash withdrawals from the HOAs' accounts, even after being fired in July 2021. Additionally, Xiong unlawfully collected Unemployment Insurance funds after she had found new employment. Her guilty plea was entered in U.S. District Court before Chief Judge Patrick J. Schiltz. The investigation was conducted by the IRS, the Minnesota Bureau of Criminal Apprehension, and the Minneapolis Police Department. Assistant U.S. Attorney Allison K. Ethen is prosecuting the case.

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Location: Fresno, CA, USA

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