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CPA Fraud Paid for Exotic Dancers

 An 81-year-old Florida CPA has been sentenced to 10 years for prison after pleading guilty to embezzling millions. Richard Aboud used some of the millions looted from a trust to pay thousands to two exotic dancers.

Aboud, who worked as a tax preparer, has also been ordered to pay $2.7 million in restitution. He withdrew between $3 million and $4 million from the trust over ten years, depositing a portion in shell companies in his name.

He transferred about $2.5 million to his company Bakken Systems, supposedly using the money to invest in water “cleaning" machine.

He also spent some of the funds to pay living expenses of others, including the two dancers, reportedly spend more than $82,000 on one over 11 months. After that relationship ended, he said she blackmailed him not to tell his wife.

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