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Cary man embezzled almost $700K from business. Documents say

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Cary man embezzled almost $700K from business. Documents say


CARY, N.C. (WNCN) – A Cary guy faces more than one expense, including embezzling nearly $seven hundred 000 from his organization.

William Keihn, 63, is a former accounting manager at Strategy Management Group in Cary. The crimes he is charged with occurred over an eight-yr length. However, he wasn’t arrested till Feb. 15, in line with courtroom files.

Keihn was charged with stealing money from Strategy Management Group between January 2009 and August 2017. Cary police stated the organization hired a forensic accounting firm, which uncovered many issues with lacking money. Investigators later accompanied up.

Court documents accuse Keihn of embezzling:

  • $164,807 in electronic budget transfers and exams
  • $ sixty-seven 185 in credit score card transactions
  • $ ninety-eight,063 in health insurance charges
  • $322,812 in wages, bonus, fee compensations, and IRA fund

The warrants said Keihn became entrusted to acquire all the one’s funds belonging to Strategy Management Group.

Documents say

The business enterprise’s internet site provides consulting services, training, and certification packages to industrial, authorities, and non-profit agencies worldwide.

Cary police said that, as the accounting manager of the enterprise, Keihn operated independently with no oversight.

Acting on a warrant from Cary police, Garner police arrested Keihn at an enterprise in their town, which CBS 17 isn’t always figuring out. The commercial enterprise declined to mention what Keihn changed to doing there at the time of his arrest.

The business owner advised CBS 17 that Keihn was hired there for approximately three months as a bookkeeper but had no admission to money owed or cash. He had surpassed a background take a look at before his hiring.

When CBS 17 went to Keihn’s’ domestic to ask about the allegations, nobody answered the door. However, he did solve his telephone.

He hung up while requesting approximately the allegations. After Strategy Management Group terminated Keihn in 2017, he went out alone. The website “My Life” said he currently owns Keihn Accounting Services.

Eula Boone

I have written professionally since 2010 and have been an investor since 2015. My finance blog, economydiva.com, is one of the most visited blogs in the world, with more than 3 million readers a month. I love sharing what I know about investing, saving, and managing money and providing practical tips on how to be a smart and savvy money manager.