Man charged with theft of money at Black Oak Gin Company Inc.

Man charged with theft of money at Black Oak Gin Company Inc.

CRAIGHEAD COUNTY, AR (KAIT) - It took several years and tens of thousands of dollars before police caught a Marked Tree man dipping into his employer's account to pay for personal items, according to the Craighead County Sheriff's Office.

Larry R. Teague, 64, was charged with theft and fraudulent use of a credit card, according to documents filed in Craighead County Circuit Court.

Investigator Gary Etter said his office began looking into accusations in July that Teague used Black Oak Gin Company Inc. money to purchase multiple items totaling more than $56,000. Teague worked for the company as a manager and "had authorization to issue checks for anything to do with the gin," an incident report stated.

Teague reportedly paid more than $8,000 to his attorneys in Little Rock, paid a lumber yard more than $5,000, spent more than $13,000 in travel expenses not authorized by the gin and spent nearly $2,000 on tickets to a Memphis Grizzlies basketball game, according to the report.

Teague turned himself in on his own recognizance Thursday afternoon.

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