Translate this page

Felony Charges Filed Against Businesswoman Accused of Stealing Funds


Thursday, June 5th, 2014
Issue 23, Volume 18.


MURRIETA - A Wildomar-based property investment firm partner accused of stealing nearly $750,000 in company funds was charged today with more than two-dozen felonies.

Celeste Marie Avellana, 62, was arrested Tuesday following a seven-month investigation into alleged illegal activity committed by the Mission Viejo resident, according to the Riverside County Sheriff's Department.

Avellana appeared this afternoon before Riverside County Superior Court Judge Judith Clark, who appointed her a public defender prior to arraigning her on 28 counts of forgery, five counts of grand theft and one count of falsifying records, along with a sentence-enhancing allegation of committing a felony resulting in losses of more than $500,000.

Clark kept the defendant's bail at $750,000 -- she is Advertisement
Advertisement for Berry-Bell and Hall Mortuary
[ Berry-Bell and Hall Mortuary ]
being held at the Southwest Detention Center in Murrieta -- and scheduled a bail review hearing a week from today.

According to sheriff's Lt. Zachary Hall, Avellana is accused of misappropriating funds intended for distribution to her associates at Potter & Schleuniger, a California limited liability company that handles rental properties throughout the region.

Hall did not disclose how long the alleged thefts had occurred, or the manner in which the defendant allegedly attempted to conceal the activity. According to the sergeant, Avellana acted in the capacity of a controller in the business venture.

She was taken into custody without incident at her office on Rancho Parkway after detectives obtained a warrant for her arrest.


 

3 comments

Comment Profile ImagePuddin tame
Comment #1 | Thursday, Jun 5, 2014 at 10:07 pm
What goes around comes around. A warning to all. Don't mess with funds for the family.
Comment Profile Imagedaddy
Comment #2 | Friday, Jun 6, 2014 at 11:06 pm
It's all funds, until someone louses an eye.
Comment Profile Imagefreeway1
Comment #3 | Monday, Jun 23, 2014 at 3:36 pm
So it's not a business ? It was family funds?
Does anyone have the real facts? Who reported it? A family member ? The sister of the accused?

Article Comments are contributed by our readers, and do not necessarily reflect the views of The Valley News staff. The name listed as the author for comments cannot be verified; Comment authors are not guaranteed to be who they claim they are.

 

Add your Comment


Name

Images, Formatting, or HTML is not allowed : plain text only. You may post up to 5 website addresses within your comment.




Disclaimer

The Valley News has tightened its' policy regarding comments.
While we invite you to contribute your opinions and thoughts, we request that you refrain from using vulgar or obscene words and post only comments that directly pertain to the specific topic of the story or article.
Comments that are derogatory in nature have a high likelihood for editing or non-approval if they carry the possibility of being libelous.
The comment system is not intended as a forum for individuals or groups to air personal grievances against other individuals or groups.
Please, no advertising or trolling.
In posting a comment for consideration, users understand that their posts may be edited as necessary to meet system parameters, or the post may not be approved at all. By submitting a comment, you agree to all the rules and guidelines described here.
Most comments are approved or disregarded within one business day.

RSS FeedFacebookTwitter



Advertisement for Broken Yolk





Subscribe


Most Commented


Reach Local Customers



The Valley News The Valley News
760-723-7319 - 1588 S. Mission Rd. Suite 200, Fallbrook CA 92028
All contents copyright ©2014
About Us
Earthquake Information
Business Listings
Contact Us
Letter to the Editor
Report a website error
Sitemap
Online Digital Edition
RSS Feeds
Login