FROM:
Stephen Gibbons, Assistant District Attorney CONTACT PERSON:
John Chase, Deputy District Attorney
Major Fraud Unit
(408) 792-2595 For release on May 25, 2005 10 MILLION DOLLAR BAIL SET IN LARGE THEFT CASE Moses Joseph, 45, of Palo Alto was arrested yesterday on theft and perjury charges filed by the Santa Clara County District Attorney’s Office. The criminal complaint charges Joseph with eight felony counts of grand theft, two counts of perjury and one count of falsifying documents. Bail was set at $10,000,000 in an arrest warrant issued by Superior Court Judge Robert Ambrose. The complaint charges Joseph with stealing 3.7 million dollars from the Eastman Kodak company in 2001 in a fraudulent investment scheme, using false financial statements to steal 3 million dollars from US Bank between 2001 and 2003, 2 million dollars from Aerofund Financial in 2003, and $200,000 from Remington Partners in 2003. The complaint also charges Joseph with committing perjury in a civil suit brought against Joseph by Remington Partners and in an affidavit signed by Joseph in connection with a civil suit brought against Joseph by ArrowHead Consulting Group, LLC as well as preparing false documentary evidence in connection with the suit brought by ArrowHead Consulting Group. If convicted of all counts Joseph could be sentenced to more than sixteen years in state prison.
Stephen Gibbons, Assistant District Attorney CONTACT PERSON:
John Chase, Deputy District Attorney
Major Fraud Unit
(408) 792-2595 For release on May 25, 2005 10 MILLION DOLLAR BAIL SET IN LARGE THEFT CASE Moses Joseph, 45, of Palo Alto was arrested yesterday on theft and perjury charges filed by the Santa Clara County District Attorney’s Office. The criminal complaint charges Joseph with eight felony counts of grand theft, two counts of perjury and one count of falsifying documents. Bail was set at $10,000,000 in an arrest warrant issued by Superior Court Judge Robert Ambrose. The complaint charges Joseph with stealing 3.7 million dollars from the Eastman Kodak company in 2001 in a fraudulent investment scheme, using false financial statements to steal 3 million dollars from US Bank between 2001 and 2003, 2 million dollars from Aerofund Financial in 2003, and $200,000 from Remington Partners in 2003. The complaint also charges Joseph with committing perjury in a civil suit brought against Joseph by Remington Partners and in an affidavit signed by Joseph in connection with a civil suit brought against Joseph by ArrowHead Consulting Group, LLC as well as preparing false documentary evidence in connection with the suit brought by ArrowHead Consulting Group. If convicted of all counts Joseph could be sentenced to more than sixteen years in state prison.