WGIL News Audio: 7am News, Sports and Obits click HERE | For the latest WGIL news click HERE

Employee Charged With Diverting $700,000 From Firm

WGIL Newsroom . State News 244

CHICAGO (AP) — A Chicago trading firm’s office manager is facing a federal wire fraud charge after authorities say he diverted more than $700,000 from the company’s dividends to buy land in Indiana.

In a statement Friday, the FBI says 29-year-old Joseph Tagler of Oak Lawn worked at Eagle Market Makers and stole payments for more than two years.

Investigators say Tagler used the money to buy property for himself as well as his brother-in-law.

The FBI says the alleged scheme was uncovered when a co-owner realized he wasn’t getting as much money in dividends payments as company documents indicated he should have received.

He was arrested Thursday and released on $50,000 bond.

It wasn’t immediately clear if Tagler had an attorney and his telephone number wasn’t listed.

All AP stories are Copyright 2014 by The Associated Press. All Rights Reserved.

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.

Follow us on Twitter