Patrick Oki, managing partner at the Honolulu CPA firm PKF Pacific Hawaii LLP, has been charged with 13 felony counts of theft in the first degree, money laundering, use of a computer in the commission of a separate crime, and forgery in the second degree.
Oki, 45, was arrested Sunday just before 11 a.m. at Honolulu International Airport by agents from Immigration Customs Enforcement and members of the Honolulu Police Department after he arrived on a flight from South Korea.
KHON2 was the only media present when he was brought into the Honolulu Police Department’s main station.
He was arrested on the strength of a grand jury bench warrant that was issued April 1, 2015, when an Oahu grand jury returned a secret indictment. The indictment was unsealed Monday morning.
Oki’s arrest was the resulted of a year-long investigation by HPD’s Financial Crimes Detail. The case is being handled by deputy prosecuting attorney Christopher T. Van Marter, head of the prosecutor’s White Collar Crime Unit.
Van Marter held a press conference Monday morning to address questions from the media. He said the “exhaustive” investigation involved approximately 20 search warrants and tens of thousands of pages of records.
Oki is a certified public accountant and certified fraud examiner. It is alleged that during the period from Jan. 27, 2011, through and including Jan. 27, 2014, he perpetrated four separate and distinct fraudulent reimbursement schemes against PKF Pacific Hawaii LLP, which sustained losses of more than $500,000.
PKF Pacific Hawaii is a company that provides auditing, accounting and advising services.
In each scheme, it is alleged that Oki falsely claimed he had personally incurred expenses in connection with services provided to clients. In furtherance of his schemes, Oki created fictitious persons, companies, contracts, IRS forms, invoices, financial documents, websites and e-mail addresses.
Oki also allegedly made false entries in the firm’s books, forged signatures of fictitious persons and deceived his partners, who reported the matter to law enforcement after they discovered that the “expenses” Oki claimed were personal and not work-related.
“Had the company known that the claims and documents that he was submitting in support of his claims were false, they would not have authorized any of the reimbursements,” Van Marter said.
Van Marter would not disclose the details of Oki’s personal expenses and spending habits, but said “he was living a lifestyle well beyond his financial means, even as the managing partner of PKF Pacific Hawaii.”
If convicted of the computer charge, Oki faces an indeterminate sentence of 20 years in prison with no possibility of probation.
According to HPD, Oki posted $250,000 bail. He was released from police custody Sunday night.
KHON2 also learned that Oki is the treasurer for Ahahui Koa Anuenue, the official fundraising organization for UH athletics. We reached out to the group’s president, who declined to comment, but confirmed that Oki still sits on its Board of Directors.
We also learned that Oki was the president of the UH Alumni Association.