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California man sentenced to prison for buying himself Coachella tickets, hot tub and more with tech company credit card

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Matthew P. Hernandez, 46, paid himself more than $356,000 in extra paychecks and items over 7 years, prosecutors said.

A Riverside man was sentenced to two years in federal prison after pleading guilty to stealing hundreds of thousands of dollars in cash and luxury gifts for himself — including international flights, tickets to Coachella and a hot tub — with his tech-support company’s credit card, then attempting to cover up the purchases.

With his responsibilities over the company’s payroll, accounts payable and bonus dispersal systems, Hernandez would make the checks out to his personal bank accounts but switch the names in the Network 2000’s books to other companies they did business with, according to the plea agreement, thereby “making the fraudulent payments look legitimate.”

According to the Attorney General’s Office, those purchases included concert tickets to the Coachella music festival, airline tickets to the Dominican Republic, and a hot tub worth $3,500. Prosecutors also said Hernandez bought “a home gym, a knife set, a TAG Heuer racing watch.”

 

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