Patrick Oki has stepped aside from his role as managing partner of PKF Pacific Hawaii LLP.
The full-service CPA firm said Wednesday he will step aside until his legal issue is resolved.
A 13-count indictment accused Oki of theft, money laundering and forgery, alleging that he wrote false entries in the firm’s books, forged signatures and more to steal half-a-million dollars.
According to deputy prosecutor Chris Van Marter, the money allowed Oki to live “a lifestyle well beyond his financial means.”
Leading PKF’s management going forward is an executive committee comprised of the firm’s three partners, Reg Baker, Rodney Lee, and Tyler Kimura.
All three were appointed as partners effective Oct. 1, 2014.
Baker, who is serving as executive committee chair, said, “This allows Patrick to concentrate on his legal situation, while the executive committee guides PKF and maintains our focus on continuing to build the business and taking care of our clients and employees.”
“Leadership should always focus on the staff’s needs and that’s the philosophy we have implemented for our employees since becoming partners,” Lee said.
“Our firm is much more than just one person or the partners. We’ve made tremendous strides in recent months to establish a positive direction for everyone at PKF. We will not disappoint our clients or employees as we continue to move this firm forward,” Kimura added.
PKF has 21 employees total and its partners and managers have accrued more than 150 years of cumulative accounting experience in a variety of practices, including business advisory services, analytical consulting, forensic accounting, financial audits, tax advisory services, and personal financial planning.
The firm serves a wide range of clients in both the private and public sector.