SF Shuttle Bus Employees Arrested For Embezzlement
SAN FRANCISCO (CBS SF) -- Two employees of a San Francisco shuttle bus company have been arrested and charged with embezzling more than $250,000, District Attorney George Gascon announced Wednesday.
Rami Karadshe, a former controller at Bauer's Intelligent Transportation, and Fadi Stephan, a former salesperson, fraudulently diverted funds to a subcontractor they created that did not provide any actual services to Bauer's, according to court documents.
Karadshe, a 38-year-old Concord resident, and Stephan, a 41-year-old South San Francisco resident, are charged with 28 counts of felony thefts involving a loss of more than $200,000, according to prosecutors.
Karadshe was arraigned on Friday and entered a not guilty plea, according to court records. Bail was set at $250,000 and he is no longer in custody.
Stephan was arraigned today and pleaded not guilty. Bail was set at $200,000 and he is no longer in custody.
"These individuals were bilking their employer for hundreds of thousands of dollars," Gascón said in a statement. "Taking money from an employer, whether big or small, is fraudulent, it is theft, and it will be dealt with."
A call to Bauer's Intelligent Transportation seeking comment has not been returned.
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