Man charged in one of the largest embezzlement cases ever brought by Fairfax prosecutors

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A Northern Virginia man has been charged with embezzling millions of dollars from a company that owns commercial real estate, a case that Fairfax prosecutors said to be one of the most important in their office the story.

Carlos Camacho, who lives near the Kingstowne area in Fairfax County, has been charged with 15 counts of embezzlement and four counts of forgery, authorities said Monday. The charges stem from a scheme to borrow money and misappropriate rental income from commercial properties owned by Fairfax County A&A Investments LLC, Fairfax County Attorney Steve Descano said.

Camacho, who was a director of the business and has family ties to the owners, brought in more than $2 million from the “mom and pop” business between 2017 and 2020 and spent the money on personal expenses, Descano said. He declined to say what Camacho had purchased.

Camacho could not immediately be reached for comment, and no attorney has been listed for him in court records.

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Descano said Camacho was able to take out loans on the company’s commercial properties by falsifying power of attorney documents. His conduct came to light when the banks informed A&A owners that they had liens on their properties related to the loans, Descano said.

Camacho was indicted by a grand jury in Fairfax County last week.

Descano said it’s likely A&A’s losses could increase as prosecutors continue to sift through bank records.

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“Imagine running a small family business and growing it for years, then suddenly find out that you’re potentially indebted to millions of dollars in loans and your regular income has also been siphoned off,” Descano said. . .

A&A owns about five commercial real estate properties in Northern Virginia, including a doctor’s office, Descano said. The company’s owners did not immediately respond to a request for comment.

One of A&A’s owners also filed a lawsuit against Camacho seeking more than $500,000 in damages, according to court records. This case is ongoing.

The Fairfax County District Attorney’s Office has not routinely prosecuted large white-collar cases in the past, although federal prosecutors in Virginia often do. Descano, who is a former federal prosecutor, said it was important to send a message that the office is watching out for businesses in the county.

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