Bookkeeper accused of embezzling $140,000 from Medford printing company
A bookkeeper for Mustard Press in Medford is accused of stealing $140,000 from the business over four years.
Loretta Lynn Floyd, 41, of the 10400 block of Old Stage Road, Gold Hill, is being held in the Jackson County Jail on 12 charges total of aggravated theft, aggravated identity theft and identity theft. Her bail is set at $105,000.
Owners of the commercial printing company at 679 Brian Way, Medford, reported the alleged thefts to Medford police in July 2013. They suspected Floyd, their longtime bookkeeper, had forged signatures on several company checks and stolen about $140,000 since 2009.
Medford police detectives' investigation revealed Floyd created more than 64 fraudulent checks, signed one of the owner's name to each of them and stole a total of $142,386, according to a Medford Police Department release this evening.
Floyd was arrested today. She faces six counts of aggravated theft, three counts of aggravated identity theft and three counts of identity theft.