A Scottsdale CEO who allegedly used retirement plans and health insurance premiums to fund exotic hunting excursions to Africa and Alaska has been charged.
On August 15, 47-year-old James Vincent Campbell pleaded not guilty in federal court in Maryland.
According to the U.S. Department of Justice, Campbell used his company, Axim Fringe Solutions, LLC, to steal over $2.4 million in health insurance premiums and 401(k) contributions.
“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,” the DOJ said in a news release. “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.”
Campbell is accused of stealing from an ERISA plan as well as 11 counts of money laundering. If convicted, he faces a maximum sentence of ten years in prison for each count of money laundering and up to five years for theft.