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Ex-CFO charged with stealing nearly $2 million | Crime

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Ex-CFO charged with stealing nearly $2 million
Crime, News
Ex-CFO charged with stealing nearly $2 million

FORSYTH COUNTY, Ga. -- A Cumming man has been charged with stealing nearly $2 million from his former employer.

Steven E. Daniel is the ex-CFO of Nanoventions, a Roswell-based company that designs micro-optic solutions, according to its website. He has been charged with three counts each of felony theft and felony forgery, and two counts of financial identity fraud.

Daniel, 50, was arrested Feb. 14 after a six-month investigation by the Forsyth County Sheriff's Office. Sheriff's Deputy Robin Regan said the company reached out to detectives after discovering Daniel forged several checks worth more than $160,000.

Investigators worked with Nanoventions' president and CEO to examine the company's business and financial records. They learned that since 2010, Daniel stole more than $1,950,000 through about 290 fraudulent transactions, according to Regan.

Daniel is being held in the Forsyth County Jail on $2.2 million bond. Regan said detectives are still reaching out to Nanoventions shareholders and others who may have been involved with Daniel's apparent crimes.

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