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.