A former account manager at a Beverly Hills business management and tax firm was charged on May 6 in an eight-count federal indictment with embezzling more than $2 million from a celebrity client.
Frank Musoke, age 38 and formerly of Woodland Hills, faces five counts of wire fraud and three counts of tax evasion. Authorities believe Musoke has fled to Uganda, where he holds dual citizenship with the United States.
According to the indictment, Musoke worked as an account manager at a full-service business management and tax firm referred to as "Company A," which served high-net-worth celebrities in the entertainment industry. He was responsible for managing clients' financial affairs, including asset protection and investment strategies. The victim, identified as "Individual A," is described as a well-known television host and producer who had been a client for nearly two decades. Musoke allegedly had full access to Individual A's financial accounts and debit cards.
From December 2019 through June 2023, prosecutors allege that Musoke gained unauthorized access to Individual A’s debit cards and personal identification numbers (PINs), using them without consent to withdraw about $1.73 million at ATMs, spend over $165,000 on Amazon purchases, incur nearly $192,000 in personal travel expenses, and spend more than $160,000 on other personal expenses. In total, authorities say he embezzled more than $2 million before being terminated by Company A in July 2023 after the fraud was discovered.
Musoke is also accused of filing false federal income tax returns between May 2021 and May 2023 by failing to report approximately $1.77 million in income obtained through these unauthorized transactions.
The indictment notes that all defendants are presumed innocent until proven guilty in court. If convicted on all charges, Musoke could face up to 20 years in federal prison for each wire fraud count and up to five years for each tax evasion count.
The FBI and IRS Criminal Investigation are leading the investigation into this matter.
The U.S. Attorney's Office for the Central District of California serves more than 19 million residents across seven counties; it focuses on prosecuting federal criminal cases while working closely with law enforcement partners to ensure public safety; it also supports community outreach programs focused on victim assistance according to the official website.
