Man Charged with $25 Million Embezzlement

Posted on February 22nd, 2010 No Comments

A 62-year-old Palm Beach Gardens man, Arnold Mullen, is charged with five counts of grand theft for embezzling $25 million from the founder of Reebok, Paul Fireman. Fireman hired Mullen in 1985 as his trusted money manager, paying him more than $800,000 per year plus bonuses. Police say Mullen confessed to most of the alleged money thefts, both from Fireman and from his charitable foundation. The embezzlement continued for about 25 years.

Fireman heard Mullen was accused of attempted fraud in a separate business deal and ordered a detailed audit. Fireman sued Mullen in January 2009. Mullen surrendered himself Wednesday to the Palm Beach County Jail.

If you or someone you know is facing criminal charges, contact the West Palm Beach criminal defense attorneys of Eric N. Klein & Associates, P.A., today by calling 561-353-2800.

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