Police: Duncansville man embezzled $26K from firm
A Duncansville man was released on an unsecured $25,000 bond after being charged with 37 third-degree felonies in connection with an alleged embezzlement of $26,000 from Altoona Pipe & Steel, court records show.
Garrett S. Rabold, 29, Duncansville, was arraigned Sunday by Magisterial District Judge Steven Jackson on 34 counts of criminal conspiracy and one count each of theft by deception, receiving stolen property and criminal use of a communication facility.
An affidavit of probable cause charges Rabold had a role in more than $26,000 in allegedly fraudulent transactions from Altoona Pipe & Steel.
The illegal activity occurred through use of a credit card to make phantom purchases through PayPal from companies apparently set up to receive the payments, according to information in the affidavit filed by Altoona police.
A company accountant discovered and reported discrepancies that suggested the embezzlement, according to the affidavit.
Police found that the PayPal account linked to one of the companies allegedly was registered to Rabold, whose address and Social Security number were associated with that PayPal account, along with a linked bank account in his name, according to the affidavit.
That PayPal account had been the repository for $24,000, but was found to have a zero balance, according to the affidavit.