Saturday, May 18, 2024

Victoria bookkeeper charged after defrauding non-profit organization of $1.7 million 

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VicPD have reported the arrest of a woman for allegedly embezzling millions from a non-profit organization she worked for in 2023.

Galyna Kulykova, a former bookkeeper at a non-profit organization in Victoria, has been arrested and charged with defrauding the organization of a staggering $1.7 million.

The arrest, conducted by officers from the VicPD’s Major Crime unit in December 2023, came after an extensive investigation into financial irregularities.

According to reports, Kulykova allegedly orchestrated the scheme by systematically wiring funds from the non-profit’s accounts to her personal ones, a practice that went unnoticed for an extended period.

VicPD said the fraudulent activities were uncovered during a routine audit conducted by the organization in early December last year.

With the assistance of various agencies, including the RCMP, Canadian Border Services Agency, and US Customs and Border Protection, officers were able to intercept Kulykova at Vancouver International Airport as she attempted to re-enter Canada.

Subsequently, charges of Fraud Over $5,000, Theft Over $5,000, and falsifying documents were laid against her.

“I’m proud of the officers involved for their prompt investigative work and coordination with other agencies to make this arrest and recover funds,” said VicPD Chief Del Manak.

“This is a clear example of how our efforts put money back into the hands of citizens and businesses in Victoria and Esquimalt.”

While progress has been made in recovering stolen assets, investigators are continuing their efforts to retrieve the remaining amount.

It has been revealed that a significant portion of the embezzled funds was utilized to acquire various assets, including gold, cryptocurrency, and a new vehicle.

Moreover, concerns have been raised regarding the possibility of additional organizations falling victim to similar fraudulent schemes orchestrated by Kulykova.

Police are urging any potential victims or individuals with pertinent information to come forward and assist in the ongoing investigation. Those with information can contact the E-Comm Report Desk at (250) 995-7654 extension 1, referencing file number 23-45435.

Alternatively, anonymous tips can be submitted to Greater Victoria Crime Stoppers at 1-800-222-TIPS or online.

 

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Victoria Buzz Staffhttps://www.victoriabuzz.com
Your inside source for Greater Victoria happenings. Established in 2012.

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