Family affected by embezzlement scheme struggling to recover - 14 News, WFIE, Evansville, Henderson, Owensboro

Family affected by embezzlement scheme struggling to recover

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Victims of an alleged embezzlement scheme lost thousands of dollars which turned their worlds upside-down.

Authorities say 33-year-old Richard Bogacki, of Chandler, is accused of taking more than $109,000 from clients as the Executive Director of Paragon Financial Services in Evansville.

Police say Bogacki would deposit money from his clients into his own bank accounts and then immediately withdraw it as cash.

Investigators say this is money the victims may never get back.

14 News spoke to members of one family affected by the scheme, who say they're struggling to recover.

Bayer wanted to make a better life for his wife and now three young children. The plan was to buy the home of his sister, Kristy Ashley.

"I gave my sister $4,500 for a down payment and she gave that money to Rick to go towards her house," said Jason Bayer.

According to a U.S. Secret Service complaint, Bogacki never secured Ashley's loan and to date, the funds have not been returned.

Investigators say Bogacki received advanced payments from his clients for services like debt settlements and mortgage deals.

Victims say they were never completed.

Police warn there may be more victims. If you have any information or think you may be a victim, contact Evansville Police.

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