• Facebook
  • Google Plus
  • Instagram
  • RSS Feed
  • Twitter

Menu

Skip to content
  • About
  • Staff
  • Contact
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service
Header image

MyNewsLA.comLogo

Breaking news for greater Los Angeles and Orange County

Menu

Skip to content
  • Crime
  • Government
  • Business
  • Education
  • Sports
  • Hollywood
  • Life
  • OC
  • `Ozark,' `The Crown' Lead TV Nominees For Critics Choice Awards
  • Coronavirus Cases Declining in L.A. County Fire Department
  • City Expands COVID-19 Care Kit Initiative To South L.A. and L.A.'s Eastside
  • Ex-LA Councilman Padilla Formally Appointed To US Senate
  • O'Farrell Speaks With Activist Gerald Garth About `All Black Lives Matter'

Home » Crime » This Article

Two Men Plead Guilty to Defrauding Buena Park Furniture Company

Posted by Contributing Editor on March 16, 2020 in Crime | Leave a response
Share this article:
Facebooktwitterredditpinterestlinkedinmail

Two men pleaded not guilty Monday to an alleged scheme to rip off a Buena Park furniture company out of more than $800,000.

Randhwan Lal Naidu, 34, of Long Beach, and Felipe Alcazar, 40, whose residence was not announced, were accused in an alleged scheme to rip off Abad Foam Inc., according to court records.

Naidu was charged with five felony counts of grand theft with sentencing enhancement allegations for aggravated white collar crime between $100,000 to $500,000 and aggravated white collar crime exceeding $500,000.

Alcazar is charged with five counts of grand theft with sentencing enhancement allegations of aggravated white collar crime between $100,000 and $500,000 and aggravated white collar crime exceeding $500,000. Alcazar also faces three felony counts of failure to file income taxes for 2014, 2015 and 2016.

From May 2012 through April 14, 2016, Naidu, who was the plant manager, was accused of counterfeiting 141 invoices for $835,151.35 in value taken from the company, according to Deputy District Attorney Michelle Lipton.

Naidu then allegedly sold excess foam to Alcazar and “admitted to keeping at least $200,000 of the cash paid by Alcazar for himself,” Lipton said in court papers.

“Alcazar profited from the stolen excess foam, but then failed to file tax returns for” the three years, Lipton said.

Two Men Plead Guilty to Defrauding Buena Park Furniture Company was last modified: March 16th, 2020 by Contributing Editor

Like this story? Don’t miss any breaking news from MyNewsLA.com. Sign up here for your free newsletter.

 

>> Want to read more stories like this? Get our Free Daily Newsletters Here!

Follow us:
Facebooktwitterrss
Posted in Crime | Tagged Buena, company, defrauding, furniture, guilty, park, plead

Advertisement

Get The Latest News by Email!

Sign up here for our free newsletters. We’ll send you the latest headlines every morning and every weekday afternoon.

 
FORECAST FOR LOS ANGELES
81°
Sunny
Feels like: 81°F
Wind: 2mph SW
Humidity: 16%
Pressure: 29.77"Hg
UV index: 2
TueWedThu
70/54°F
77/52°F
72/52°F
Weather forecast Los Angeles, California ▸

Most Popular Today

  • One Person Dies in Offroad Crash outside Riverside, One Injured 3,600 views
  • Rape Victim Unconscious, But She’s Dead! Suspect Nabbed, Unclear When Victim Died In Pomona 2,800 views
  • Man Shot to Death in Compton 2,200 views
  • Rescue Attempt Underway for Injured Mountain Biker 1,800 views
  • Cyclist Killed After Being Hit By Multiple Vehicles in Menifee 1,400 views

©2021 CalNews Inc.

Menu

  • About
  • Staff
  • Contact
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service