An executive at an Irvine-based federal contracting company supplying law enforcement-related, electronic monitoring services is facing a potential 10-year prison trip for embezzling more than $3.3 million.
Steven A. Hagstrom, controller at Sentinel Offender Services, LLC., used his control of the company's revenue deposits to divert funds into his own bank account and, at least for a couple of years, mask his thievery, according to U.S. Department of Justice records.
Sentinel provides GPS monitoring services to federal, state and local courts, probation offices, law enforcement agencies as well as correctional operations.
Hagstrom started with the privately-held company in 2003 as an accountant.
He's free from custody on $5,000 bail and will face a future sentencing hearing with Assistant United States Attorney Lawrence E. Kole and U.S. District Court Judge David O. Carter inside Orange County's Ronald Reagan Federal Courthouse.
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Will the white collar crook get prison or home detention and a requirement to wear a Sentinel GPS ankle device?
It's a federal crime to embezzle funds from an organization that receives money from the U.S. Treasury.