BILOXI, MS (WLOX) - A Biloxi man was arrested Tuesday after he allegedly confessed to stealing approximately $40,000 from his employer over the course of eight years, according to Biloxi police.
David John Lawrence Sr., 58, of Kim Cove in Biloxi was charged with felony embezzlement, according to Investigator Carl Short.
Short said Lawrence was a salesman at a distribution company off of Caillavet Street in Biloxi.
The investigator said when the business started conducting an audit to determine why money was missing, Lawrence reportedly confessed to taking the money.
"He tried to work it out with his employer to pay back the money, however, Lawrence had already spent the money," Short said. "They were planning to let him go, but as of last night after his arrest, I believe he was still employed."
Lawrence was transported to the Harrison County Adult Detention Center, but bonded out on a $10,000 bond set by Judge Strong. He has since been released.
Short said, if convicted, he could face up to 10 years in prison and/or a $25,000 fine.