Saturday 25 September 2021

Los Angeles man accused of embezzling US$36M extradited from Costa Rica

Returned to Los Angeles from Costa Rica, suspect faces 10 counts of wire fraud, each of which carries up to 20 years in prison.

Paying the bills

Latest

Today’s Vehicle Restriction September 25: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, Saturday, September 25, vehicles with...

Legislators to begin discussion on reducing the 2022 Marchamo this Monday

QCOSTARICA - The political fractions, except that of the...

No National Census in 2022!

QCOSTARICA - The Instituto Nacional de Estadística y Censos...

Seven drivers a day go to the Prosecutor’s Office for driving drunk

QCOSTARICA - Every day, seven drunk drivers are referred...

Costa Rica has the lowest inflation in the region

QCOSTARICA - Costa Rica registered the lowest inflation in...

11 benefits of e-learning

Whether you struggle to learn in a traditional educational...

Will Paul Chaplet ever fly the flag for Costa Rica on the PGA Tour?

Life comes at you fast when you’re a teen...
Paying the bills

Share

Fleeing to Costa Rica after allegedly embezzling more than US$36 million from a Los Angeles company and using most of it to pay off his credit card bills , Paul McDaniel, 42, is not back in the U.S. after being extradited from Costa Rica.

According to the U.S. Attorney’s Office, McDaniel worked for an accounting contractor employed by Hypermedia Systems Inc., a media-technology services firm. As part of his job, McDaniel was charged with making payments to Hypermedia vendors. According to the indictment, McDaniel formed a corporation using a name similar to one of Hypermedia’s vendors, then directed more than US$36 million in funds to shell company and created bogus invoices on letterhead of actual Hypermedia vendors to justify the expenses.

McDaniel allegedly used the stolen funds to pay off US$23 million in credit card debt, and transferred another US$8 million to his personal bank accounts.

- Advertisement -

McDaniel, also known as Edward Martin Karuku, was arrested in Costa Rica in early 2017 and remained in custory pending his extradition to Los Angeles, where he now faces 10 counts of wire fraud, each of which carries up to 20 years in federal prison.

- Advertisement -
Paying the bills

Related Articles

Today’s Vehicle Restriction September 25: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, Saturday, September 25, vehicles with EVEN (0,...

Legislators to begin discussion on reducing the 2022 Marchamo this Monday

QCOSTARICA - The political fractions, except that of the Partido Acción...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.