Former Chief Financial Officer Tony Archuleta-Perkins of San Francisco law firms has confessed to a multi-year scheme that successfully siphoned off more than $1.3 million from his employers. Archuleta-Perkins, 48, admitted to using a bogus non-profit organization, among other methods, to divert funds for his personal use, including payments on a Best Buy credit card, according to a Department of Justice press release.

The Palm Springs resident has pleaded guilty to bank fraud and money laundering charges, with accusations that spanned from misallocating "one-time reimbursements" to his paycheck to fraudulently using a tax refund check intended for one of the law firms. Archuleta-Perkins could consistently deceive his employers, particularly by taking advantage of a principal's severe health issues. "Archuleta-Perkins admitted that he knew that the principal of one of the law firms was undergoing serious health issues that kept him out of the office, and that the principal’s physical condition made him unusually vulnerable and particularly susceptible to Archuleta-Perkins’s criminal conduct," as per the Department of Justice.

Archuleta-Perkins, who faces maximum sentences of 30 years and 10 years for bank fraud and money laundering, respectively, is scheduled for sentencing on March 26, 2025. U.S. Attorney Ismail J. Ramsey and FBI Special Agent-in-Charge Robert K. Tripp highlighted the additional details. As noted by the Hoodline report, Archuleta-Perkins's case was disclosed due to an FBI investigation.

While the former CFO remains free on a $500,000 bond, Assistant U.S. Attorney Nikhil Bhagat will actively prosecute the case, receiving assistance from Madeline Wachs.