SANTA ANA, Calif.—An Irvine man suspected of embezzling $2.6 million from a Newport Beach-based real estate agency was arrested Monday on mail and wire fraud charges.
Varun Aggarwal, a former executive of KBS Realty Advisors, submitted bogus invoices from 2012 through January 2022 for consulting services that were never performed, according to prosecutors. He used his position to have friends and family members perform contracting work for the company, prosecutors allege.
