PLACENTIA, Calif. (AP) - A Los Angeles finance executive has been accused of helping a city of Placentia official launder more than $1 million in embezzled funds.
The Orange County Register reports (https://bit.ly/2mPngFc ) that 45-year-old Herbert Norris Trotter Jr., of Santa Monica, on Tuesday pleaded not guilty to felony counts including money laundering and misappropriation of public funds.
Prosecutors say Trotter, a managing partner of the Beverly Hills financial company Talaton Group, helped Michael Minh Nguyen launder some of the $5 million he embezzled from Placentia while acting as the city’s financial-services manager.
Nguyen was sentenced to 25 years in prison after pleading guilty to dozens of felonies. He has agreed to pay $10 million in fines and $2.6 million in restitution.
A third man has also been accused of helping Nguyen launder money. He remains a fugitive.
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Information from: The Orange County Register, https://www.ocregister.com
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