David L. Moser, 49, of Huntertown, Indiana, has been accused of embezzling $331,258 from Azar Inc., for whom he worked as a controller, according to details in his arrest warrant. The thefts were uncovered by Azar's CEO, Yogesh S. Paraikh, who noticed a suspicious check. Between November 2003 and August 2008, Moser allegedly wrote himself checks from the company that were forged and used the funds used for his personal use, such as paying credit card bills. Paraikh reportedly confronted Moser, who admitted to the thefts and gave a signed confession and he was fired on the spot. Moser is currently facing one count of theft and six counts of forgery with the possibility of additional charges. A warrant for Moser's arrest has been issued and he has yet to be apprehended.
See the story here and here.
See the warrant notice here.
Here is yet another case of an person in a fiduciary position embezzling from his/her employer. Extra scrutiny and diligence must be made on these types of employees.
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