On November 5, Christopher Kamon, who is the former chief financial officer (CFO) of the Girardi & Keese law firm, was charged with wire fraud. On Thursday, he was denied bail by a US magistrate as he was considered to be a flight risk. He has allegedly stolen $10 million from the Los Angeles based law firm to fund a lavish lifestyle including luxurious homes, fancy cars and a $20,000 per month escort on his personal payroll.
According to Bloomberg Law, US Magistrate Judge Matthew Maddox in Baltimore ordered Kamon to be held without bail. He had been in federal custody since November 7 when he was arrested at Baltimore Washington International Thurgood Marshall Airport and appeared before the judge, on the same day, at the US District Court for the District of Maryland.
Judge Maddox explained his ruling saying that the alleged fraud had shown “a lack of trustworthiness.” He also said said Kamon could face a “very significant prison sentence.”
Federal agents detailed a report on his alleged “side fraud” that was used to fund alleged greed and lust. It also said that the ex-CFO had moved to the Bahamas to avoid prosecution. He also reportedly lied to his sister and law firm about the move to the Caribbean. He reportedly bought a $2 million home in the Bahamas.
Assistant US Attorney General Colleen McGuinn said that Kamon was “responsible for cooking of the books.” She also said that they typically did not ask for detention in wire fraud case but this case was “uncommon.”
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According to the LA Times, the CFO embezzled at least $10 million from bank accounts of Tom Girardi’s law firm to renovate his house in Los Angeles, to buy a mansion in The Caribbean and to bankroll an escort with a monthly stipend and gifts including a purse that costs $120,000.
Tom Girardi has been accused of embezzling millions of dollars that was settlement money of his clients. He used this money to maintain a lavish lifestyle with celebrity wife Erika Jayne, alum of Real Housewives of Beverly Hills. These clients say that the 83-year old Alzheimer’s patient stole their money, after settling their cases. He was disbarred, earlier in 2022. Erika Jane has maintained her innocence. The celebrity housewife also filed for divorce one month before the first case was filed against her husband of 20 years–Tom Girardi.
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Former Rochester CEO Going To PRISON For Defrauding His Own Company
