Saturday, December 20, 2014

Chesco bigwig nabbed in $1.5 million swindle

Guido LaVella allegedly lived a lavish lifestyle, buying luxury cars, season tickets to the Eagles, Tiffany's jewelry and even a $48,000 splurge for a concert and meet-and-greet with the Dave Matthews Band. Problem is, it wasn't his money. He's now criminally charged.

Chesco bigwig nabbed in $1.5 million swindle

Guido La Vella, charged in embezzling case
Guido La Vella, charged in embezzling case

Guido LaVella allegedly lived a lavish lifestyle, buying luxury cars, season tickets to the Eagles, Tiffany's jewelry and even a $48,000 charity "donation" that got him concert tickets and a meet-and-greet with the Dave Matthews Band.

Problem is, it wasn't his money. LaVella, 28, of Gilbertsville, worked as chief financial officer for a Tredyffrin Township business called Taylor Gifts and embezzled nearly $1.5 million to fund personal purchases and pay off credit card and casino debts between October 2009 and May 2013, when he resigned, according to Chester County District Attorney Tom Hogan. He now is charged with theft, forgery and related offenses.

The alleged theft came to light after a bank alerted the company to an unusual transfer from one of its accounts, Hogan said. "This  case is another example of the necessity for all businesses to create tight accounting controls over expenses," Hogan added. 

About this blog

Philly Confidential, which covers crime in Philadelphia and the suburbs, is written by Daily News staffers Dana DiFilippo, Stephanie Farr, Vinny Vella and Morgan Zalot.

E-mail tips to DiFilippo at difilid@phillynews.com and follow her on Twitter here.

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