LA executive accused of helping launder embezzled funds

PLACENTIA, Calif. (AP) — A Los Angeles finance executive has been accused of helping a city of Placentia official launder more than $1 million in embezzled funds.

The Orange County Register reports that 45-year-old Herbert Norris  TrotterJr., of Santa Monica, on Tuesday pleaded not guilty to felony counts including money laundering and misappropriation of public funds.

Prosecutors say Trotter, a managing partner of the Beverly Hills financial company Talaton Group, helped Michael Minh Nguyen launder some of the $5 million he embezzled from Placentia while acting as the city's financial-services manager.

Nguyen was sentenced to 25 years in prison after pleading guilty to dozens of felonies. He has agreed to pay $10 million in fines and $2.6 million in restitution.

A third man has also been accused of helping Nguyen launder money. He remains a fugitive.


Information from: The Orange County Register,          

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