Wednesday, December 21, 2011
COVINGTON, La. (AP) - A 44-year-old man was booked into St. Tammany Parish Jail for allegedly embezzling $155,000 in corporation funds.
According to Covington Police Department spokesman Capt. Jack West, Richard Sharp was charged at his home in Pearland, Texas with one theft over $1,500 and issuing worthless checks.
Sharp is one of the four shareholders of GDH International. West said after he was questioned about the theft, Sharp wrote a fraudulent check in the amount of $106,000 to make a partial payback of the funds that he had stolen.
West said that after securing a warrant and contacting the Pearland Texas Police Department, detectives found documents and computers that implicate Sharp.
Posted by Steve Douglass at 8:20 AM