PHOENIX – LAWFUEL – US Law News – A federal grand jury in Phoenix has returned a sixteen count indictment against
Michael Catena, 51, of Phoenix, for violations of wire fraud, mail fraud and theft of employee pension funds.
The indictment alleges that around in 2003, Michael Catena stole approximately $60,000 from the participants of a 401k profit sharing plan established by Confidential Search International, Inc.
A conviction for mail fraud carries a maximum penalty of 20 years and a $250,000 fine or both for each count. A conviction for theft from an employer benefit plan carries a maximum penalty of five
years and a fine of $250,000 for each count.
An indictment is simply the method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until competent evidence is presented
to a jury that establishes guilt beyond a reasonable doubt.
The investigation preceding the indictment was conducted by the Department of Labor, Employee Benefit Security Administration, Los Angeles Regional Office. The prosecution is being
handled by Stephen Laramore, Assistant U.S. Attorney, District of Arizona, Phoenix.
CASE NUMBER: CR-06-1111-PHX
RELEASE NUMBER: 2006-272(Catena)