Local man charged in theft of $500,000

By The Mercury

A Manhattan man has been charged with embezzling more than $500,000 from his employer over eight years.

U.S. Attorney Barry Grissom announced the indictment in federal court of Larry D. Lord, an accountant who worked for Manhattan-based Cheney Construction Company. Grissom said Lord, 63, is accused of having used his access to the Cheney bank accounts to steal $536,179 between 2005 and 2012.

Lord’s duties for Cheney included paying the company’s bills and issuing payroll checks to company employees.

The indictment alleges he wrote checks on the company’s accounts and mailed them to pay personal credit card debts belonging to him and his wife.

If convicted, Lord faces a maximum penalty of 20 years in federal prison and a fine up to $250,000 on each count. The FBI, the Pottawatomie County Sheriff’s Office and the Internal Revenue Service investigated.

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