Image via Wikimedia Commons
Image via Wikimedia Commons

The former finance director at Gulfstream Aerospace Corp. was sentenced Monday to more than 11 years in prison for embezzling millions of dollars from the Long Beach aviation company, where he was hired after hiding similar past misdeeds.

In addition to the 135-month federal prison term, Marvin J. Caukin was ordered to pay $10.2 million in restitution and to forfeit to the government his interest of at least $2.4 million in homes in Calabasas and Toluca Lake.

Caukin, 66, of Calabasas was sentenced by U.S. District Judge John F. Walter, who remanded the defendant into custody at the conclusion of the hearing.

Caukin, who pleaded guilty in January to one count of conspiracy to commit mail fraud, previously served 33 months in federal prison after being convicted in 1994 of stealing more than $2 million from USA Petroleum Corp. in Agoura Hills.

According prosecutors, the Gulfstream Aerospace embezzlement was committed between 2001 and 2013.

The defendant and his co-conspirators created phony invoices and submitted them to Gulfstream for payment. After Caukin, in his capacity as finance director, approved payment, they would receive the checks, usually at rented mailboxes, deposit them and use the money to pay for personal expenses.

As part of his plea agreement, Caukin will forfeit the homes and about $70,000 in cash and cashier’s checks.

In June 1994, Caukin pleaded guilty to four counts of wire fraud in the USA Petroleum case.

About four months after he was released from prison in that case, Caukin lied on his job application with Gulfstream. He was fired from the company in 2013.

— Wire Reports

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