Arrest likely in Council Bluffs embezzlement case

News

November 9th, 2013 by Ric Hanson

Police in Council Bluffs say an arrest is likely soon resulting from an investigation into the embezzlement of more than $100,000 from Alter Trading Corporation, a metal recycling company. Council Bluffs Police Sgt. David Dawson told the Daily NonPareil a male employee at the Alter Corporation allegedly issued unauthorized checks to his family members. The checks, which were written from Jan. 1st, 2012 through this past Wednesday, amounted to $102, 436.

The suspect, if arrested, would face felony charges of first-degree theft, punishable by a maximum of up to 10 years in prison.