Did Gary Ezzo cover up the embezzlement of some money from GFI?
No. In September of 1999, GFI discovered that Robert Garcia, the Ezzos’ son-in-law and former Director of GFI (a private company), misappropriated corporate funds for his own advantage. This discovery took place a couple of months after Robert left GFI. A decision was made to have an investigation and audit of GFI’s financial records done by an outside CPA firm. After a nine month comprehensive review of all pertinent financial files covering the years 1995 and 1999, a determination was made that Robert Garcia 1) misused funds for personal gain; 2) borrowed substantial sums of monies from GFI without authorization or repayment and 3) manipulated the financial records to cover his loans which constituted embezzlement. Following the audit findings, GFI reported Robert’s activities to the IRS. GFI also entered into a Settlement Agreement on April 1, 2001 with Robert and his Tax attorney. The agreement includes a promissory note and repayment schedule for all monies taken with interest pay