The Audubon Police Department reports the arrest March 14^th of a local man on fraud-related charges. 35 year old Ricky Raymond Peterson, of Audubon, was charged with Insurance Fraud, for allegedly submitting a false claim stating a large sum of money was stolen from his home, and, for Filing a False Report of an Indictable Crime to law enforcement.

An investigation determined no theft had actually occurred. Peterson was released from custody March 15^th on a $5,000 recognizance bond. His preliminary hearing was set for April 1^st.