Man responsible of embezzling from disabled vets

OAKLAND — A San Ramon man pleaded responsible Thursday in federal courtroom to misappropriating and embezzling almost $40,000 from disabled and incompetent veterans, authorities stated.

By pleading responsible, Raj Kumar Ditta, 51, admitted that he entered right into a fiduciary agreements with the U.S. Division of Veteran Affairs, agreeing to behave as a trustee for eight veterans or beneficiaries decided to not be competent sufficient to handle their monetary affairs. Ditta used that cash for his personal profit, authorities stated.

He might be sentenced by U.S. District Decide Yvonne Gonzalez Rogers in November and faces a most of 5 years in federal jail, in addition to a $250,000 fantastic.

Ditta was required to determine financial institution accounts and obtain the earnings offered by the VA to be able to repay money owed by every of the beneficiaries, authorities stated. He admitted in his plea that for every beneficiary, he established a separated checking account and inside months, started taking cash from the accounts.

In all, he took $39,500 from the accounts and used them for his personal profit, in line with the plea settlement.

A federal indictment issued in May additionally charged Ditta with 15 counts of stealing authorities cash, however these prices might be dismissed at sentencing if Ditta complies with the plea settlement.