Marvin Caukin, 66, former director of finance for Gulfstream Aerospace,
was arrested for embezzling $8.5 million from the company. Caukin stole
$8.5 million from the aviation company from 2001 to 2013 with the help
of his co-conspirators by submitting falsified invoices for services for
false vendors. Federal investigators and the United States Postal Service
were tipped off to the illegal activity when Gulfstream noticed financial
anomalies and fired Caukin in 2013. Caukin used the embezzled funds to
buy his $2 million Calabasas home, pay off the mortgage on his Toluca
Lake house, pay off credit cards and purchase a Mercedes-Benz.
Caukin was convicted of embezzling from USA Petroleum in 1994 and sentenced
to 33 months in Federal Prison. Four months after Caukin was released
from Federal Prison for his 1994 conviction, Caukin lied on the job application
for Gulfstream and was hired as director of finance. Caukin enlisted the
help of his seven co-conspirators to create phony shell companies and
embezzled $8.5 million from Gulfstream.