Government Contractor CEO Accused of Embezzling $2.4M for Gambling and Hunting

Court documents suggest that between 2015 and 2024, Campbell made a total of 135 unauthorized withdrawals from a master trust accountImage Source: Shutterstock.com

James Vincent Campbell, the chief executive officer of government contractor Axim Fringe Solutions Group, has been accused of embezzling millions of dollars. According to the US Department of Justice, Campbell is believed to have used the money on gambling, hunting trips, and gifts.

Campbell Allegedly Embezzled $2.4M

An indictment in the District of Marylandhas charged Campbell, 47, of Scottsdale, Arizona, with embezzling over $2.4 million and related money laundering offenses.

Court documents show that the man’s company, Axim Fringe Solutions Group, is a business that processes employee benefits for employees of federal contractors. According to the indictment, Campbell syphoned out money that clients sent to the company. The funds were originally meant to pay for insurance premiums and retirement contributions, with Axim promising to forward the funds to insurance carriers and retirement accounts for a fee of $40 a month.

The DOJ alleged that the funds were collected in a master trust account before being forwarded to their intended destination. Court documents suggest that between 2015 and 2024, Campbell made a total of 135 unauthorized withdrawals.

In total, the CEO is believed to have withdrawn $2,486,905. He allegedly used the majority of this money for personal expenses. Among other things, Campbell spent money on gambling, expensive hunting trips to Alaska and Africa, jewelry, taxidermy fees, and direct payments to his girlfriend.

Campbell Risks Years in Prison

The DOJ specified that the indictment charges Campbell with a single count of theft from an ERISA plan, as well as eleven counts of money laundering.

If convicted, Campbell risks a maximum penalty of up to 10 years in prison for each count of money laundering, as well as up to five years for theft from an ERISA plan. However, the indictment is merely an allegation and Campbell is presumed innocent until proven guilty beyond a reasonable doubt, the DOJ emphasized.

The DOJ noted that a federal district court judge will determine any sentence after considering the US Sentencing Guidelines and other statutory factors.