- Report: #1529068
Complaint Review: Marc Hildreth and CO inc - South Paris Maine
Reported By:
SHAD23 -
Farmington, Maine, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Marc Hildreth and CO inc
29 East Main Street South Paris, 04281 Maine, United States
Phone:
2077391180
Web:
https://www.hildrethco.com
Categories:
Business Rating:
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Marc Hildreth and CO inc Marc Hildreth Marc was involved with embezzling from no limits fitness South Paris Maine
Marc Hildreth was involved in a scheme involving Maria's embezzlement from No Limits LLC and its owner, Damian. Maria Birmingham, who went by the alias Maria Lee, had a history of scamming men out of their money. Her involvement with No Limits Fitness in Farmington, ME was motivated by her need for W2 income to qualify for a home purchase following her recent divorce. Exploiting her role in managing both Damian Osgood's personal and business finances, she misappropriated funds, even indulging in luxury purchases such as a 2020 Land Rover. As her financial troubles mounted, Maria failed to pay the gym's bills, prompting her to hire an accountant to mask her illicit activities.
To divert attention from her embezzlement, Maria went to great lengths, falsely accusing Damian of a domestic violence crime. Simultaneously, during her tenure at the gym, Birmingham engaged in the illegal sale of drugs and exploited her position to engage in inappropriate relationships, including sexual misconduct with underage employees.
Marc was deeply embroiled in the intricate world of creative accounting, utilizing various payroll schemes to facilitate money laundering and embezzlement. With a cunning mind and a knack for financial manipulation, he played a pivotal role in these illicit activities.
One of the tactics Marc employed was the creation of phantom employees within the company's payroll system. These fictitious individuals appeared to be legitimate employees on paper, complete with fabricated employment records and bank accounts. Through this method, Marc funneled embezzled funds into these ghost employees' accounts, making it seem like legitimate salary disbursements.
Additionally, Marc engaged in a process known as "skimming." In this method, he siphoned off a portion of the company's revenue before it could be officially recorded. This concealed the true earnings of the business, allowing him to pocket a significant sum discreetly.
To further complicate matters, Marc manipulated financial statements and records, making them appear clean and legitimate to external auditors and regulators. By doctoring these documents, he evaded suspicion and scrutiny while continuing his illicit financial activities.
Marc's involvement in these complex payroll schemes made it exceedingly difficult for anyone to detect the money laundering and embezzlement at play. The interwoven web of deceit he created masked the true extent of the financial malfeasance, leaving a trail of financial chaos in his wake.
