California News

Mar 12, 2014 10:05 AM by Associated Press

Ex-financial chief pleads guilty to embezzlement

SAN DIEGO (AP) - The former Chief Financial Officer of a San Diego technology firm has pleaded guilty to stealing more than $2 million from his employer to finance a luxury lifestyle.

The U.S. Attorney's office says 41-year-old Alfonso Fierro, Jr. entered his plea Tuesday.

Prosecutors say Fierro forged checks and falsified books over a four year span at WSA Distributing. All told, he admitted forging 110 WSA checks, totaling nearly $2.5 million.

Prosecutors say Fierro used the money to buy a nearly $3-million home, several high-end cars, jewelry and trips on private jets.

He's expected back in court May

WSA is a distributor of wireless handsets and phone accessories headquartered in San Diego.

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