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A Tri-Valley man has been charged with over 150 felonies for allegedly embezzling $4.3 million from a Union City trucking company, the Alameda County District Attorney’s Office said.
Darinder Dyal, 43, of Livermore, is accused of a “massive, nearly eight-year-long” embezzlement scheme, including 89 counts of grand theft by embezzlement and 65 money laundering charges. He was arrested at the San Francisco Bay Oakland International Airport on Sept. 24.
Dyal’s alleged crimes took place between January 2015 and May 2022, prosecutors said.
According to the DA’s office, Dyal held a position of trust at the company that garnered him control of its finances. He allegedly set up a company fuel credit card that he secretly used to write and cash checks to himself on a weekly basis.
The money he allegedly stole was used to finance a “lavish” lifestyle, prosecutors said, including luxury travel, attending professional sports events, expensive purchases and “near constant” gambling.
Dyal allegedly deposited over $900,000 of the embezzled funds as cash deposits into his personal checking accounts, allowing him to use these stolen funds in the legitimate financial system.
Dyal is also charged with one count of perjury for allegedly lying under oath in an unrelated court filing where he claimed he had netted $10,000 per month in gambling winnings, which prosecutors say is an attempt to disguise the fact that he was funding his lavish lifestyle with stolen funds.
“We have filed charges and enhancements, including the aggravated white-collar crime enhancement and the money laundering enhancement, that are appropriate given the size of the theft and the betrayal of these vulnerable victims,” District Attorney Pamela Price said in a statement.
Dyal is being held without bail at the Santa Rita Jail and has a plea hearing scheduled for this Friday (Oct. 4).
— Story by Katy St. Clair, Bay City News Service
