Dale WSC officer charged in money scandal
On Nov. 30, Sheriff Daniel C. Law announced the arrest of an official of the Dale Water Supply Company for misapplication of fiduciary property.
In September 2007, the president and vice president of the Dale Water Supply Company came to the Sheriff”s Office to report the bank had alerted them to some suspicious activity conducted by the company”s secretary-treasurer.<
The bank contacted the company president when several company checks bounced due to insufficient funds. An internal investigation revealed that a large amount of money was missing from the company account. The investigation revealed that a number of unauthorized checks were made out to a 32-year-old female suspect and deposited to her personal bank accounts.
The detective assigned to the case obtained bank records and company documents which indicated that over $38,000 and been transferred to the suspect”s personal bank accounts from February 2005 to September 2007.
An arrest warrant for misapplication of fiduciary property greater than $20,000 and less than $100,000 was obtained from Caldwell County Court at Law Judge Edward Jarrett.
On Nov. 29, the suspect surrendered to the Caldwell County Sheriff”s Office, posted a $10,000 bond and was released pending prosecution.
(Courtesy of Paul Cowan)