Former tech executive expected in court

The former chief financial officer of an Irvine technology company is expected to appear in U.S. District Court on Monday after being indicted last week on two counts of wire fraud related to a $16-million embezzlement scheme, according to authorities.

Jean Joseph Ibrahim, 33, has been in federal custody since his arrest last month when he reentered the country at John F. Kennedy Airport in New York. He was returned to California on Wednesday and was originally expected to make an appearance in court Friday, authorities said.

After Ibrahim resigned from Irvine-based Trustin Technology in February, company officials went to the FBI with suspicions that he had been embezzling, according to the criminal complaint filed by prosecutors. A review of the company’s accounting records showed that Ibrahim had diverted more than $16 million into his personal accounts.

Ibrahim used the money to gamble, trade commodities, take trips and buy clothing, according to the prosecution. The two counts of wire fraud are based on two wire transfers, totaling $1,025,000, made from company accounts to Ibrahim’s TD Ameritrade account last December and January, according to the complaint.

— Jon Cassidy

Twitter: @TheDailyPilot