A former employee of Long & Associates, Inc. in West Milton was arrested on Friday for allegedly embezzling more than $200,000, the company’s president said.
Stephen T. Smith, 48, was booked into the Miami County jail and is awaiting arraignment in connection with theft, telecommunications fraud and engaging in pattern of corrupt activity — which all carry felony charges — after being arrested by the West Milton Police Department.
Attempts to reach West Milton Police Chief Garry Kimpel were unsuccessful.
According to Long & Associates president Chris Long, Smith was the company’s accounting manager for eight years before he resigned in November. West Milton police started an investigation in early February, Long said.
“We are quite surprised,” Long said. “He appeared to be a very reliable individual, but that obviously wasn’t the case.”
Long said Smith allegedly embezzled money from the company during the course of “multiple years,” but he didn’t know if Smith used the funds for personal expenses. Police arrested Smith at his place of employment in Montgomery County, Long said.
“It’s just difficult to accept the fact that an individual who you place your trust in lets you down like this,” Long said. “We’ll overcome it. We’ve learned some lessons both personally and professionally. It’s one of those obstacles where we wish we didn’t have to face, but it’s here.”
Long & Associates provides management services to trade associations and professional societies. The company has eight trade groups as clients, including the American Institute of Architects Dayton Chapter and the International Door Association, according to its website.
Long & Associates, which has been in business for 29 years, employs 12 people.