Camacho, 25, is working at Marianas Insurance Co. Inc., or MICO, as cashier/underwriter, records showed.
MICO ran a public notice in the Variety stating that Camacho was terminated effective Oct. 6, 2009 as bookkeeper.
Witnesses said Camacho approached them and took cases of beers using credit cards, records showed.
Associate Judge Kenneth Govendo remanded Camacho to the custody of the Department of Corrections after hearing the arguments of Assistant Attorney General Joseph Przyuski, who represented the government, and Assistant Public Defender Mike Brown, Camacho’s counsel.
On Thursday, Associate Judge David Wiseman ordered Camacho’s arrest after Detective Juan Santos, of Department of Public Safety’s White Collar Crimes/Public Corruption Task Force, filed a declaration of probable cause in support of the issuance of search and arrest warrant.
Camacho was charged with theft, theft by unlawful taking of disposition, theft by deception, theft by failure to make required disposition of funds received, forgery, possession of forged writing or forgery device, fraudulent destruction, removal or concealment of recordable instrument, misuse of credit card, and identity theft.
DPS received a call from MICO regarding a theft incident on Oct. 16, 2009.
An accountant discovered that Camacho stole $80 from a MICO client.
Investigators said the breakdown of Camacho’s accounts revealed that many of MICO receipts were altered, cash payments received from clients were underreported, cash and check payments were un-receipted, credit cards of clients were run without their approval or authorization, and payments were made to several persons, and the signatures of credit card holders or clients were forged.
Police said the clients’ credit cards were used as payments to cover the cash that the company was losing.
An independent initial/preliminary accounting indicated that Camacho embezzled over $24,344.16, records showed.
