Chireno man accused of embezzling $600k from business - KTRE.com | Lufkin and Nacogdoches, Texas

Chireno man accused of embezzling $600k from business

Roy Love, Jr. (Source: Nacogdoches Co. Jail) Roy Love, Jr. (Source: Nacogdoches Co. Jail)
NACOGDOCHES COUNTY, TX (KTRE) -

The Nacogdoches Sheriff's Department has arrested Roy Love, Jrafter his partners said he embezzled over $600,000 from their business.Love is a former co-owner of Nacogdoches Mill Works.  The company was founded in 1995 by Love,Kenneth Willis, and Gerald Schierman. Willis said when the three started theircompany they had very little money.

"We struggled and worked hard. We put our tools together that wehad," Willis said

Willis further explained his goal was to save money for his retirement.

"My dream was this company making it. I worked all these years, soI can retire and now it's all gone" Willis said

According to the arrest affidavit, Nacogdoches County Sheriff'sinvestigators along with an independent accountant met with the business ownersabout the incident in early May of 2013.

The affidavit said that two of the owners told authorities thatthey felt like the business was struggling at times and that they even puttheir own money in the company.

Owners told authorities that in 2012 they learned they were beingsued by the appraisal district for not paying property taxes.

The affidavit continued saying that when one of the ownerscontacted the appraisal district they were notified Love had recently paidthree years of back taxes.

Investigators said one of the owners started looking at theaccount for the company and noticed several checks made to companies that hadnot been hired by their company.

After the initial record checking, the owners hired an attorneyand accountant and started looking for more records the affidavit stated.

"[the accountant] found a check Love had written himself for$5,000," the affidavit said.

The accountant told investigators that Love would showreimbursements to himself but would not show any documentation for why he wasgetting them.

According to the affidavit, the accountant also discovered thatLove would use the company account to pay for the electric bill at his personalchicken farm. The account also said that Love purchased gas on severaloccasions for his vehicle. The affidavit stated that the owners toldinvestigators that Love did not travel as part of his job. Willis later toldKTRE that Love did occasionally travel for his job.

The affidavit continued saying that after investigators and theaccountant sorted out the records, Love had made $600,147.61 in unauthorizedtransactions.

Authorities say that due to the statute of limitations for theft,authorities believe Love had written $347,425.18 in unauthorized purchases.

In the end, Willis just want answers and to know the truth.

"I don't want to pass judgment on anybody until it passes throughthe court system," Willis said.

After the investigation was completed, a warrant was issued forlove on May 28.

The owners of Nacogdoches Mill Works said they voted Love out ofthe ownership group on Oct. 6, 2012.

Love posted a $100,000 bond Tuesday night.

Copyright 2014 KTRE. All rights reserved.

  • East Texas NewsMore>>

  • Defense questions investigator in third day of Henderson trial

    Defense questions investigator in third day of Henderson trial

    Friday, September 22 2017 7:19 PM EDT2017-09-22 23:19:49 GMT
    James Henderson's defense attorney, Stanley Sokolowski, started off the third day of court by questioning the state's witness, Investigator Bill Rulland. The cross examination lasted most of the morning and even a little into the afternoon. According to Investigator Michael Molnes, with the Houston County Sheriff's Office, Sokolowski attempted to discredit Brenna Theuer's witness testimony, as well as testimony from Robert Mobley.  The trial is expected to head into closing arg...More >>
    James Henderson's defense attorney, Stanley Sokolowski, started off the third day of court by questioning the state's witness, Investigator Bill Rulland. The cross examination lasted most of the morning and even a little into the afternoon. According to Investigator Michael Molnes, with the Houston County Sheriff's Office, Sokolowski attempted to discredit Brenna Theuer's witness testimony, as well as testimony from Robert Mobley.  The trial is expected to head into closing arg...More >>
  • Tar-covered tires stick to parking lot of Lufkin tire shop

    Tar-covered tires stick to parking lot of Lufkin tire shop

    Friday, September 22 2017 7:09 PM EDT2017-09-22 23:09:01 GMT
    More than a few tar-covered tires are hanging on to the parking lot of a Lufkin tire shop.  On August 31, newly laid asphalt on Loop 287 started sticking to tires of those driving, leaving many of the cars un-driveable. As of Friday, the Texas Department of Transportation hadn't come out with an official cause for the incident, but that hasn't stopped over 600 people from filing claims with them. Copyright 2017 KTRE. All rights reserved.More >>
    More than a few tar-covered tires are hanging on to the parking lot of a Lufkin tire shop.  On August 31, newly laid asphalt on Loop 287 started sticking to tires of those driving, leaving many of the cars un-driveable. As of Friday, the Texas Department of Transportation hadn't come out with an official cause for the incident, but that hasn't stopped over 600 people from filing claims with them. Copyright 2017 KTRE. All rights reserved.More >>
  • Trinity County traffic stop results in 2 felony drugs arrests. seizure of weed, codiene, other drugs

    Trinity County traffic stop results in 2 felony drugs arrests. seizure of weed, codiene, other drugs

    Friday, September 22 2017 6:19 PM EDT2017-09-22 22:19:50 GMT

    Deputies with the Trinity County Sheriff’s Office made two felony drug arrests and seized marijuana, Prometh VC with codeine, hydrocodone, Alprazolam, and ecstasy after a traffic stop near the intersection of Robb and Jefferson streets late Tuesday night.

    More >>

    Deputies with the Trinity County Sheriff’s Office made two felony drug arrests and seized marijuana, Prometh VC with codeine, hydrocodone, Alprazolam, and ecstasy after a traffic stop near the intersection of Robb and Jefferson streets late Tuesday night.

    More >>
Powered by Frankly