Report: Employee scammed $89,000 from Truesdale business

Posted 11/12/19

A Texas man’s scheme to steal large amounts of money from a Truesdale manufacturer he worked for in 2017 was outlined last week in newly filed court charges in Warren County.

Charging …

This item is available in full to subscribers.

Please log in to continue

Log in

Report: Employee scammed $89,000 from Truesdale business

Posted

A Texas man’s scheme to steal large amounts of money from a Truesdale manufacturer he worked for in 2017 was outlined last week in newly filed court charges in Warren County.

Charging documents accuse Mathew Buha, 62, of Spring, Texas, of using his position with River City Steel in Truesdale to illegally pocket over $89,000.

The owners of River City Steel, which manufactures steel tubing, contacted Warren County Sheriff’s Department in July 2017. They reported that while employed as a sales associate at a Texas-based branch, Buha was directing money from company sales into his personal bank account.

Investigators discovered that Buha ordered $108,000-worth of piping material from a supplier in St. Louis, then arranged to sell the material to a client company at a discount, according to the sheriff’s department. Buha allegedly fabricated company invoices that directed payment for the materials into his personal account at Woodforest National Bank.

Between September 2016 and July 2017, the sheriff’s department said Buha had multiple payments adding up to more than $89,000 sent to his account.

In a recorded phone call and text messages with his employers, Buha reportedly admitted to selling the material to a client for 60 percent of its value and directing the payments to himself.

If convicted, Buha could be sentenced to several years in prison and/or be required to pay restitution for any money he received illegally.

Buha is not currently in custody in Warren County.

Stealing, River City Steel

X