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[SITUATION] · [QUIET] · [CRIME]
2 clusters · 4 sources · 27 days · First seen · Last updated
US corporate embezzlement cases
Overview
Recent legal actions in the United States have seen executives charged with significant embezzlement schemes.
In California, Christopher William Edward Abplanalp, a former executive at Wilson Trophy, faces charges for allegedly stealing over $2.3 million from the Placer County business between 2023 and 2025. Prosecutors claim he diverted funds via the company’s online payment system to support a gambling habit by using nonexistent invoices and altering accounting records. The company’s chief administrative officer, Jesse Loomis, noted the conduct caused “profound financial and personal harm” to the business.
In Illinois, Michael Calomino, the former CEO of a railcar management company, has been charged in federal court with embezzling more than $22 million. Federal filings allege that between 2016 and 2025, Calomino converted client funds to his personal accounts to cover various expenses, including gambling costs. He faces one count of wire fraud.
Entities
FBI · Michael Calomino · U.S. District Court in Chicago · Roseville
Timeline
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[CRIME] 2 sourcesMichael Calomino charged with embezzling $22 million
Former CEO Michael Calomino is charged with embezzling over $22 million from an Illinois railcar management company to fund personal expenses, including gambling.
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[CRIME] 2 sourcesCalifornia man charged with stealing $2.3 million from employer
A Roseville, California man is charged with stealing over $2.3 million from Wilson Trophy to fund a gambling habit through fraudulent invoices and accounting manipulation.
Sources
countryherald.com · gambling911.com · roget.biz · suburbanchicagoland.com