Banker and Retiree Arrested for Embezzlement, Conspiracy
INGLEWOOD, CA—When retirement fails to be enough, another way to not go broke may be to appeal to one’s banker friend and try to pull an inside job.
San Bo Chen, 34, and Eang Lim, 56, were arrested on Sunday. May 17 at approximately 11:30 p.m. along the 3800 block of West Century Boulevard in Inglewood. The area is immediately south of the Hollywood Park Casino and the now-closed Hollywood Park Racetrack, the latter of which is slated to be the home to a new 80,000-seat sports stadium to be built by St. Louis Rams owner Stan Kroenke.
Chen, a banker who resides on Manitou Avenue in Los Angeles, was charged with embezzlement over $400 (503PC) and conspiracy to commit a crime (182(A)(1)PC). Bail for each of his charges was set at $20,000.
Lim, a resident of Del Mar Avenue in San Gabriel, stated on police records to be a “retiree.” He was charged with grand theft: money/laundering in excess of $400 (487(A)PC) and conspiracy to commit a crime (182(A)(1)PC).
It is unknown if the bank at which Chen was employed was involved in any way.