Internal AP audit reveals insurance agency employee’s alleged embezzlement

March 26, 2012 Jason Arntz is accused of adding items to legitimate customer insurance claims and then converting them for his own use, netting more than $500,000 worth of equipment.

A Michigan man is facing charges of embezzlement and several related crimes after an internal accounts payable audit revealed he had misappropriated funds from the insurance agency at which he was employed.

According to state police sergeant Joshua Lator, Jason Arntz is accused of adding items to legitimate customer insurance claims and then converting them for his own use, netting more than $500,000 worth of equipment, the Morning Sun reports. After search warrants were served on Arntz's home and other locations, police were able to recover many of the items highlighted by the AP audit.

Arntz was recently released from the Isabella County Jail after being arraigned on charges including embezzlement greater than $100,000, embezzlement between $1,000 and $20,000 by an agent or trustee and conducting a criminal enterprise.

Elsewhere in the country, the former business manager of a Sonoma County, California, golf club was recently sentenced to one year's imprisonment after an AP audit determined she had embezzled nearly $400,000, according to the Santa Rosa Press Democrat. Lidia Montano was found to have given herself unauthorized salary increases and used company accounts to pay personal expenses.

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Category: Accounts Payable Analysis

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