Oakland man sentenced in embezzlement scheme

SAN FRANCISCO — An Oakland man who labored as an assistant to a Marin County-based philanthropist should serve a four-year jail time period and repay $800,000, a U.S. Justice Division spokesman stated Thursday.

In accordance with a sentence handed down by U.S. District Courtroom Choose Charles Breyer, Michael Livingston Henry, 45, should serve 48 months in jail and pay restitution for stealing greater than $800,000 from his employer and her household’s charitable basis, officers stated.

In a plea settlement, Henry admitted to stealing the cash throughout his employment from June 2006 to August 2018 serving to to manage a charitable basis owned by the philanthropist’s household.

Henry admitted to forging the philanthropist’s signature on a whole bunch of checks made out to himself or his facet enterprise whereas the philanthropist was affected by most cancers in 2016 and 2017.

After the philanthropist’s restoration in 2018, she found the embezzlement. A federal grand jury indicted Henry on Feb. 28, 2019, on ten counts of financial institution fraud and 4 counts of aggravated id theft.

After his responsible plea Jan. 22 to 2 counts of financial institution fraud, the federal government dismissed all remaining fees. Along with the four-year jail time period, Breyer sentenced Henry to 5 years’ supervised launch after jail and ordered him to pay restitution to the philanthropist and her basis.

Henry will start serving his time period April 19, 2021. The prosecution, ensuing from an FBI investigation, got here from Assistant U.S. Lawyer Katherine Wawrzyniak.

Contact George Kelly at 408-859-5180.

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