Man Indicted In One Of Fairfax County's Largest Embezzlement Cases

FAIRFAX COUNTY, VA — In one of Fairfax County's largest embezzlement schemes, a man was indicted by a Fairfax County grand jury last week.

Carlos Camacho faces 15 counts of embezzlement and four counts of forgery based on embezzlement from a family-owned business in Fairfax County, according to the Fairfax County Commonwealth's Attorney. The prosecutor alleges from June 2017 to December 2020, Camacho stole millions of dollars from A&A Investment, a Fairfax County business he worked for.

A&A Investment owns a doctor's office and about four other commercial properties in Northern Virginia, Descano told the Washington Post. An A&A owner is also suing Camacho in an ongoing case, the Post reported.

Camacho lives close to Kingstowne, according to the Post. Commonwealth's Attorney Steve Descano told the Post Camacho used the over $2 million in embezzled money for personal expenses. The prosecutor alleges Camacho falsified a power of attorney document to obtain loans and used proceeds for personal expenses, as well as redirecting business income for his use.

"I am committed to holding accountable those who prey on family-owned businesses, which are a key foundation in our community," Descano said in a statement. "Financial crimes are serious crimes that can devastate families and the businesses they own."

The Fairfax County Police Department assisted the Commonwealth's Attorney's office with the case.