(Courtesy Redondo Beach Police Department)
The former CEO of Hennessey's Inc., the company that owns Hennessey's Tavern in Laguna Beach, was arrested Thursday morning in Rancho Palos Verdes on a warrant that included 19 felony counts.
James Cram, 54, is accused of embezzling from the Redondo Beach-based company and its owners Paul and Jennifer Hennessey, according to a Redondo Beach Police press release.
He is suspected of embezzling about $1,146,000 over the course of his employment from 2006 to 2010.
The charges include grand theft, money laundering and tax evasion.
Cram is currently being held on $500,000 bail.
Besides Laguna Beach, Hennessey's Tavern has locations in Carlsbad, Dana Point, Hermosa Beach, La Jolla, Las Vegas, Manhattan Beach, Pacific Beach, Redondo Beach, San Diego and Seal Beach.
We've upgraded our reader commenting system. Learn more
about the new features.
The Baltimore Sun encourages civil dialogue related to our stories; you must register and log-in to our site in order to participate. We reserve the right to remove any user and to delete comments that violate our Terms of Service
. By commenting, you agree to these terms. Please flag inappropriate comments.