Keene A bookkeeper for a local construction company was arrested by State Police for stealing more than $50,000 from the business over the past 12 years.
Lawrence R. Jaques, 63, of Keene, was arrested on Wednesday, Dec. 12 for second-degree grand larceny and first-degree falsifying business records.
On Dec. 11, Torrance Construction, Inc. in the town of North Elba, reported the larceny of funds from the company’s account to the New York State Police Bureau of Criminal Investigation (BCI) in Ray Brook.
BCI Investigator Jeremy Viele said authorities currently don’t want to say how they found out Jaques had stolen the money.
Jaques, the company’s bookkeeper, had reportedly been writing checks from the business to himself and then cashing them and keeping the funds. Jaques then made false entries in the company’s records to cover up the larcenies.
At the time of the report, the total amount of funds stolen was allegedly greater than $50,000.
On Dec. 12, State Police interviewed Jaques, and he subsequently confessed to stealing funds from the company since he began working there in 2000.
Jaques was arraigned in the town of North Elba Court before Judge Dean Dietrich and remanded to the Essex County Jail in lieu of $50,000 bail or $100,000 bond.
The investigation into the larceny is on-going to determine the total amount of funds stolen, which is expected to be considerably greater than $50,000.
Viele said there is no indication that anyone else was involved with the larcenies.