Former Construction Company Employee Indicted for Embezzlement

SACRAMENTO, Calif. - A federal grand jury returned a 17-count indictment today against Kami Elois Power, 54, of Gardnerville, Nevada, charging her with wire fraud, bank fraud, and aggravated identity theft, Acting U.S. Attorney Michele Beckwith announced.

According to court documents, from November 2019 to May 2023, Power worked as an office assistant at a family-owned construction company in South Lake Tahoe. During her employment, Power embezzled more than $1.4 million dollars from the company. She disguised more than $700,000 of these fraudulent transfers as payments made to vendors that the company worked with - under fake profiles she created in the names of real companies, as well as fake companies that resembled her own initials, such as "KEP Inc. Sale" and KPI." She disguised additional fraudulent transfers as payments for payroll or reimbursements. Power also used the company's credit card to make unauthorized personal purchases and paid down the balance of her own personal credit cards with the company's money. Power used the stolen money to purchase property, luxury cars, ATVs, and a horse.

This case is the product of an investigation by the Federal Bureau of Investigation and the South Lake Tahoe Police Department. Assistant U.S. Attorneys Elliot C. Wong and Whitnee Goins are prosecuting the case.

If convicted, Power faces a maximum statutory penalty of 20 years in prison and a $250,000 fine for each count of wire fraud, 30 years in prison and a $1 million fine for each count of bank fraud, and a mandatory two-year sentence for aggravated identity theft. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.