Mortgage loan officer accused of defrauding company

Posted at: 02/12/2014 6:25 PM
By: Stuart Dyson, KOB Eyewitness News 4

An Albuquerque mortgage loan officer is accused of ripping off his company to the tune of more than $300,000 – for some very interesting personal expenses.

Daniel Marsh’s boss at Weststar Mortgage told police Marsh admitted he set up a bogus check-writing/money-transfer scheme to pay for gambling, hookers, and real estate, including a home for his mother. Marsh was chief financial officer at Weststar. He’s looking at 99 counts of forgery plus receving and transferring stolen property.

Employees at Weststar discovered some weird wire transfers for money and some even weirder company checks written to Marsh and his family and friends.

Judge Sharon Walton set Marsh’s bail at $15,000 Wednesday afternoon.

“I do recognize the lack of criminal history and the ties to the community,” the judge said. “However, I am concerned about the extensive nature of the allegations and the number of counts – 83 counts for one charge and 16 counts for another charge.”

Marsh’s nephew Estevan Chavez was arraigned right before his uncle Wednesday afternoon. He’s accused of supplying Marsh with stolen laptop computers and cell phones and I-pads.  Co-workers found Marsh’s office full of electronic devices. Police said they traced many of them to burglaries. Marsh’s boss told police Marsh told him he used some of the ripoff money to pay closing costs for re-financing his house, and bought a manufactured home for his mother in Santa Fe.