published on October 14, 2021 – 10:24 AM
Written by The Business Journal Staff
A retired Clovis CPA is accused of electronically stealing more than $1 million from a bank in 2017.
A grand jury returned an indictment last week against Kenneth Gould, a 65-year-old retired CPA from Clovis, charging him with bank larceny. He is due to be arraigned in federal court in Fresno today.
Gould operated a payroll services company, according to court documents. From October 2017 to March 2018, he’s accused of initiating more than 90 fraudulent Automated Clearing House payments from one of his clients’ accounts to his payroll company’s account. The Automated Clearing House payment is a type of electronic transfer used to move money from one bank account to another. He and his client shared the same bank.
The payments totaled more than $20 million, though everything was recovered except about $1…