Executive Leader of Government Contractor Company Allegedly Misappropriated $2.4 Million for Gambling and Hunting Expenditures
James Vincent Campbell, the CEO of Axim Fringe Solutions Group, a company that processes employee benefits for federal contractors, is facing allegations of embezzling over $2.4 million from an ERISA employee benefit plan between 2015 and 2024.
The indictment, filed in the District of Maryland, accuses Campbell of making 135 unauthorized withdrawals from a pooled fund intended for 401(k) retirement contributions and health insurance premiums. The funds were originally meant to be forwarded to insurance carriers and retirement accounts for a fee of $40 a month.
Campbell is charged with one count of theft from an ERISA plan and eleven counts of money laundering. The DOJ emphasizes that Campbell is presumed innocent until proven guilty beyond a reasonable doubt.
If convicted, Campbell faces a maximum penalty of up to 5 years in prison for the theft charge and up to 10 years in prison per money laundering count. Theoretically, this could total over 100 years in prison. However, the federal district court judge will determine any sentence after considering the US Sentencing Guidelines and other statutory factors.
The alleged embezzlement and money laundering offenses are under investigation by the DOJ. According to the indictment, Campbell used a significant portion of the stolen funds for personal expenses such as exotic big game hunting trips in Alaska and Africa, taxidermy fees, jewelry, casino gambling, and direct payments to his girlfriend.
Axim Fringe Solutions Group is a business that processes employee benefits, with a focus on federal contractors. The indictment alleges that Campbell used the embezzled funds instead of forwarding them to their intended destinations as promised.
The indictment specifies that the total amount withdrawn by Campbell is $2,486,905. The investigation and subsequent indictment serve as a reminder of the serious legal consequences of embezzling or mishandling employee benefit funds governed by ERISA, with severe federal penalties and increasing scrutiny on fiduciaries.
As of August 2025, Campbell has entered a not guilty plea. The case is ongoing.
[1] [Indictment Document] [2] [DOJ Press Release] [3] [Court Filing] [4] [ERISA Information] [5] [Federal Sentencing Guidelines]
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