Overview
- Investigators say the company’s financial controller used his payroll access over about seven months to redirect direct deposits for seven former employees into two bank accounts he controlled.
- Authorities allege he also stopped his own health insurance deductions so the employer paid his premiums, increasing the total loss to the business.
- Detectives subpoenaed bank records and traced $15,456.72 in unauthorized deposits to the controller’s accounts, prompting felony charges of organized scheme to defraud and grand theft.
- The Flagler County Sheriff’s Office Fugitive Unit arrested Jimmy Paul Garcia Velez, he was booked at the county detention facility and later released on a $10,000 bond.
- The case highlights weak internal payroll controls at the company and could lead to tighter checks on access to payroll systems as the investigation moves toward prosecution.