Man faces May trial in embezzlement scheme

By The Associated Press

MUNCIE — A former bank executive hired by a Muncie company after he completed a federal prison sentence for a fraud conviction is now facing a May trial on theft charges alleging he embezzled $137,000 from that company.

Steven R. Thorn will stand trial May 6 in Delaware Circuit Court on charges alleging he wrote checks from packaging firm DIY Group Inc.’s accounts to his son, his wife and himself totaling nearly $30,000.

The Star Press reports Thorn is also accused of racking up $108,000 in charges on the company’s credit cards to finance his son’s wedding, vacations and purchases at Muncie-area stores.

Court documents say Thorn was hired by DIY Group in 2003 about 14 months after he completed a 20-month federal prison term over a fraudulent loan scheme.

More on