FRESNO - A grand jury returned an indictment last week against Kenneth Gould, 65, of Clovis, charging him with bank larceny for stealing over $1 million from a federally insured financial institution, Acting U.S. Attorney Phillip A. Talbert announced. The indictment was unsealed today, and Gould will be arraigned tomorrow on Oct. 14.
According to court documents, Gould was a CPA in Clovis who owned and operated a payroll services company. From October 2017 through March 2018, he initiated over 90 fraudulent Automated Clearing House (ACH) payments totaling over $20 million from one of his clients’ accounts to his payroll company’s account at the same bank. An ACH payment is a type of Electronic Funds Transfer used to move money from one bank account to another account.