A 41-year-old man from Houston was charged with dual felony counts of cumulative theft and money laundering after his employer claimed that he falsified records on the job so that he could steal funds. On Nov. 21, the firm, New Caney Recycling, told police that the man may have taken as much as $200,000 over the course of a single month and then transferred the profits to his home nation of Pakistan and a number of other unidentified sources.
The man was arrested for the alleged theft charge at his home in southwest Houston. Police deputies claimed that security footage showed him using customer ID cards in order to create additional purchase tickets for scrap metal before keeping the excess money.
Police said they wanted to get in touch with the customers whose accounts were illicitly used and have them file complaints so that they could indict the man on additional first-degree charges. They also said that the man confessed to the allegations and helped them to recover a portion of the stolen funds.
Being charged with a white-collar crime can make it impossible for someone to maintain gainful employment. In addition, fighting against these charges could cause an individual to incur significant legal costs if they do not manage their cases intelligently. Criminal law attorneys may be able to structure defense arguments and represent these individuals in court so that they can clear their names and avoid the many negative ramifications of being charged with any type of criminal activity.
Source: The Tribune, “Man charged with stealing $200,000 from New Caney employer“, Bryan Kimbro, November 27, 2013