https://www.justice.gov/opa/pr...ployee-benefit-plans


Arizona CEO Indicted for Embezzling Over $2.4M from Employee Benefit Plans

Friday, August 15, 2025

For Immediate Release
Office of Public Affairs


An indictment unsealed today in the District of Maryland charges an Arizona man with embezzling more than $2.4 million from an Employee Retirement Income Security Act (ERISA) benefit plan and related money laundering offenses.

According to court documents, James Vincent Campbell, 47, of Scottsdale, Arizona, is CEO and founder of Axim Fringe Solutions Group, LLC (Axim), a company that processes employee benefits for employees of federal contractors. At the time of the alleged thefts, the company was headquartered in Maryland.

The indictment alleges Axim’s clients sent funds to the company to pay for health insurance premiums and 401(k) retirement contributions. Axim was responsible for forwarding those funds to insurance carriers and retirement accounts, charging clients a contractual fee of $40 per employee per month for its services.

Before forwarding the funds, Campbell allegedly pooled them in a master trust account. Between 2015 and 2024, he made 135 unauthorized withdrawals – totaling $2,486,905 – beyond the legitimate fees owed to Axim. Campbell used a significant portion of the stolen funds for personal expenses including big game hunting trips in Alaska, Africa, and other locations; taxidermy fees; jewelry; casino gambling; and direct payments to his girlfriend.

The indictment charges Campbell with a single count of theft from an ERISA plan and eleven counts of money laundering.

If convicted, Campbell faces a maximum penalty of ten years in prison for each count of money laundering and up to five years for theft from an ERISA plan. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division and Acting Assistant Secretary Janet Dhillon of the Labor Department’s Employee Benefits Security Administration made the announcement.

The Employments Benefits Security Administration of the Labor Department is investigating the case.

Trial Attorneys Vincent Falvo and Jared Hernandez of the Justice Department’s Violent Crime and Racketeering Section are prosecuting the case.

An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

Updated August 15, 2025

https://www.fox10phoenix.com/n...exotic-hunting-trips


Link to news video and article.

Hmm, anyone want to bet this cat has a wall full of SCI awards and dresses up like a penguin on Saturday nights at the hunting shows?

May be some can search the SCI record book for his name??

What a piece of shit. Hope they throw the book at him...

Anyone who would steal retirement funds from hardworking men and women deserves to be thrown under the prison!

quote:

Originally posted by Saeed:
May be some can search the SCI record book for his name??

I was just thinking that myself!

It takes a real scumbag to steal employees retirement money.

quote:

Originally posted by larryshores:
It takes a real scumbag to steal employees retirement money.

Exactly!

I hope there is insurance or a guaranty fund available to cover the losses in this case.

At a minimum, the thief's assets should be frozen and as much restitution as possible should be extracted from them.

He should be left with nothing.

What a shameful and despicable crime.

quote:

Originally posted by Michael Robinson:
I hope there is insurance or a guaranty fund available to cover the losses in this case.

At a minimum, the thief's assets should be frozen and as much restitution as possible should be extracted from them.

He should be left with nothing.

What a shameful and despicable crime.

ERISA required a fidelity bond. Is the amount sufficnet? Time will tell.

quote:

Originally posted by larryshores:
It takes a real scumbag to steal employees retirement money.

He mostly dealt with Fed Employee Contractor benefits where mandatory per hour wage contributions are made… nothing retirement related. I’m pretty sure he ran a bunch of it through a Captive.
He won tons of government bids due to being a certified combat wounded vet… those Government contracts were his specialty (which is almost certainly where and how he ran afoul)
I talked to him a couple of times probably 6 years ago or so… he liked to hunt plainsgame and do long distance shooting (1,000 yards +)

Did anyone find if he is a holder of some SCI awards?

Looks like he is a perfect candidate of these nincompoops!

quote:

Originally posted by Kathi:
and direct payments to his girlfriend.

Shouldn't that be "prostitute"?

quote:

Originally posted by Kpoynter:

quote:

Originally posted by larryshores:
It takes a real scumbag to steal employees retirement money.

He mostly dealt with Fed Employee Contractor benefits where mandatory per hour wage contributions are made… nothing retirement related. I’m pretty sure he ran a bunch of it through a Captive.
He won tons of government bids due to being a certified combat wounded vet… those Government contracts were his specialty (which is almost certainly where and how he ran afoul)
I talked to him a couple of times probably 6 years ago or so… he liked to hunt plainsgame and do long distance shooting (1,000 yards +)

The article indicates it was an ERISA benefits plan.

quote:

Originally posted by larryshores:

quote:

Originally posted by Kpoynter:

quote:

Originally posted by larryshores:
It takes a real scumbag to steal employees retirement money.

He mostly dealt with Fed Employee Contractor benefits where mandatory per hour wage contributions are made… nothing retirement related. I’m pretty sure he ran a bunch of it through a Captive.
He won tons of government bids due to being a certified combat wounded vet… those Government contracts were his specialty (which is almost certainly where and how he ran afoul)
I talked to him a couple of times probably 6 years ago or so… he liked to hunt plainsgame and do long distance shooting (1,000 yards +)

The article indicates it was an ERISA benefits plan.

Larry all Group Benefits generally fall under ERISA
Medical, Dental,Vison, Life Disability, Ancillary, etc…
And yes 401k too