Leo Joshua Kennedy, 60, of Danville, was indicted on 10 counts of wire fraud.
Kennedy was formerly the controller of Backhouse Fiduciary Services of Campbell, of which Christine Backhouse is president.
U.S. Attorney Melinda Haag said the indictment alleges that Kennedy stole $17 million from trust accounts managed by the company.
Kennedy is due to make an initial court appearance before U.S. Magistrate Paul Grewal in San Jose on Nov. 20, Haag said.
Full Article and Source:
Danville Man Indicted on Fraud After Alleged Theft of $17 Million
3 comments:
Ahhhh, let's chalk this one up to "the professionals" on the score card of the biggest abusers of the elderly.
Kennedy was formerly the controller of Backhouse Fiduciary Services of Campbell, of which Christine Backhouse is president.
This is where Kennedy got his education can you imagine what was going on at Backhouse Fiduciary Services?
Is anyone looking at their books? How many sets of books are there?
Oh let's not forget to blame family for all the wrongs most of those allegations are FALSE and those who try to defend themselves with proof they did not wrong are threatened, yes threatened that they will need a lawyer, with a long litigation facing them.
Any wonder why people totally freak out?
Unknown legal fees that could result in bankruptcy to prove their innocence?
Think this is fiction?
I wish it was fiction, this is hoe the protection gang is guaranteeing a free ride to establish a guardianship case asap so the billing is guaranteed approved by the judge.
Next case..........
As an unwilling participant to this drama, Backhouse and Kennedy were living together and were imitatively involved. Backhouse "trusted" Kennedy to the extent she let him do whatever he wanted. Her license was revoked by the professional fiduciary bureau of CA due to incompetence and lack of oversight. The beneficiaries were never sent statements of their accounts and Heritage Bank transferred 17 million dollars worth of their customer's assets to Kennedy's fraudulent investments deep pockets. Still nothing is resolved, don't you love this country??
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