Ex-Employee Accused Of Stealing $125,000 From Barbourville Business

(WTVQ-TV, LLC)
(WTVQ-TV, LLC)
Reported by: Tom Kenny
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/22/2013 7:56 pm
Barbourville Police said Mike Jones, 48, of Pineville, is accused of stealing from his former employer in excess of $125,000.

Investigators said people at Bingham Tire reported in early August that inventory losses had been discovered in recent months, causing the company to implement new policies to track deliveries and sales.

Police said the new policies uncovered a former salesman, Mike Jones, had been delivering merchandise to businesses that weren't paying for the merchandise or were paying substantially discounted prices.

Accounts personnel at Bingham Tire worked with investigators who said there was evidence that Jones had delivered merchandise to businesses that weren't billed for the deliveries while placing the cost on accounts of other unsuspecting businesses.

Police said when they interviewed Jones, he admitted to his actions, but was unable to specify what accounts he had used, what the total loss was for Bingham Tire or where any potential cash that exchanged hands had gone.

Police said Jones was arrested on a warrant and lodged in the Knox County Jail.

Police said the investigation was expected to continue for some time while exact losses are determined.

Police said investigators would continue to try to find and question other individuals and businesses suspected of being involved.
Share
Most Popular
5 Kentucky, Tennessee schools on list
Two Tennessee universities have made the "honor roll" of a publication's 2014 list of "Great Colleges To Work For."
2014 36 Blitz: Mason Co. Royals
A look at tradition in Maysville and what it means to this season's team. Video Video
9-Month Lexington Police Drug Investigation Nets 55 Arrests
Lexington police announce the end of "Operation Transformation." The investigation focused on drug sales in Lexington's east-end. Video Video
Identity Theft Suspect Identified
Nicholasville Police are positive they have a suspect identified who is wanted in a recent identity theft case.
Lincoln County Woman Abducted; Held For Ransom
Stanford Police are looking for a suspect who abducted a woman at gun point, and held her for ransom Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.