Ex-NY policeman pleads guilty to company theft

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Updated: 7/02 4:27 pm

SANTA ANA, Calif. (AP) — A former insurance company official and New York police officer has pleaded guilty to stealing about $469,000 from his company to spend on gambling.

Orange County prosecutors say 51-year-old Wayne Martin Fong of Tustin entered pleas Wednesday to 12 felony charges of grand theft and money laundering. He was sentenced to six months in jail and must pay more than $300,000 in restitution.

Fong is a former vice president of by Fidelity National Title Group. Part of his job was to oversee vendors who found missing assets for the company.

Authorities say in 2009, Fong arranged for one vendor to send the money to a bank account he controlled, then used the funds for gambling.

Authorities say Fong is a disbarred attorney and a former New York police officer.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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