Emil Lance Lehman of Fort Lauderdale, Florida, has been arrested for grand theft after he allegedly stole $485,375 from his employer by funneling it into a fake company. Lehman, 55, was arrested on December 15 and held in lieu of a $10,000 bond. He was released later that day after posting bail. News sources did not name an attorney for Lehman.
According to court records, the alleged theft started in January 2015 while Lehman was employed by Walker & Dunlop, a Maryland-based real estate company. He allegedly registered his own cooperation, WD-FL, in Florida and listed himself as the CEO. Lehman then set up a bank account for the company and diverted large payments that were meant for Walker & Dunlop into that account.
Records from the Florida Division of Corporations show that WD-FL was created in January last year and dissolved this year. During that period, Investigators allege that Lehman diverted funds ranging from $11,000 to $110,000 from his employer to WD-FL, stealing a total of $485,375.
Investigators claim Lehman was the only signatory on WD-FL’s bank account, and the account address was his personal home address. During one of the reported transfers, Lehman purportedly sent back a check because it was correctly made out to his employer and not his Florida business.
If convicted for first degree grand theft, Lehman faces a prison sentence of up to 30 years. News sources could not reach him or his former employer for comment.
Source: 12.19.16 Lehman Grand Theft.pdf