Tucson Bookkeeper Indicted for Allegedly Embezzling $5.3M from Local Businesses and HOA

TUCSON - Attorney General Mark Brnovich announced Helen Marie Dahlstrom of Tucson has been indicted for allegedly embezzling over $5,000,000 in funds from two Tucson-area businesses and from a homeowner’s association in Mexico. She is accused of gambling away the stolen money at casinos. 

Dahlstrom was the longtime bookkeeper for two Tucson-based construction companies, Lauderbach Builders Supply and L&L Manufactured Components. She was also the treasurer for her Rocky Point, Sonora, Mexico based homeowners’ association Asociacion De Regularizacion De Vecinos De La Cholla (Cholla Bay HOA). Between September 2013 and July 2020, the indictment alleges that Dahlstrom embezzled over $5,000,000 from the two businesses by writing checks made out to cash.

The indictment additionally alleges that Dahlstrom stole over $360,000 from the Cholla Bay HOA, and then forged the Cholla Bay HOA’s financial statements to conceal the money she had embezzled. As outlined in the indictment, Dahlstom supposedly gambled away most of the stolen funds at Tucson-area casinos.

Dahlstrom is charged with multiple counts of Fraudulent Schemes and Artifices, Theft, Computer Tampering, Forgery, and Money Laundering. 

This case was investigated by the Office of the Arizona Attorney General Special Investigations Section and is being prosecuted by Assistant Attorneys General Julia Kaiserman and Lindsay St. John.

All defendants are presumed innocent until convicted in a court of law.

A copy of the indictment is available here.

Helen Marie Dahlstrom

Helen Marie Dahlstrom