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Credit Specialist Indicted on Charge of Stealing 465K from Employer

May 24, 2011
Total Loss: $465,000

A credit specialist who worked for G.E. Consumer Finance in Merriam, Kansas has been indicted on federal charges of diverting $465,000 worth of the company’s checks into his mother’s bank account, U.S. Attorney Barry Grissom said today.

Ronald Kiser, 40, is charged with bank fraud. The indictment alleges the crime occurred in 2009 and 2010 while Kiser was handling the Lowe’s Home Improvement store account for G.E. Consumer Finance. Kiser’s duties included mailing checks to ...

Source: FBI
Posted in: Internal Fraud Check Fraud
Tags: embezzlementembezzlingemployee fraudinternal fraudcheck fraudGL fraud