Cumming Man Charged with $2 Million Theft from Former Employer

Cumming Man Charged with $2 Million Theft from Former Employer
Daniel
Daniel

Steven E. Daniel, 50, of Cumming, Ga. has been arrested and charged with three counts each of felony theft and felony forgery along with two counts of financial identity fraud, following a six month investigation by the Forsyth County Sheriff’s Office.

“The investigation began when the Roswell-based company Nanoventions filed an incident report after discovering that their former CFO, Daniel, had forged several company checks to facilitate the theft of over $160,000 from the company and its more than 130 shareholders,” said Deputy Robin Ragan.

Ragan continued, “Over the following months, detectives working in conjunction with the President and CEO of the company examined over five years of business and financial records to determine the full extent of Daniel’s crimes. Based on the evidence collected it was determined that beginning in 2010, Daniel had completed over 290 fraudulent transactions upon the victim’s financial accounts resulting in a theft of over $1,950,000.”

Daniel was booked into the Forsyth County Jail on a $2.2 million bond and is still currently incarcerated.

The investigation remains active as detectives continue to investigate other individuals and crimes in which Daniel may have been involved.

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