A Churdan man was arrested following an alleged theft.

According to court documents, a Greene County Sheriff’s Deputy began an investigation on August 3rd of 63-year-old Richard Fay. Fay was accused of owing a lot of money to a bank in Churdan and not paying off his outstanding balance. Court documents show Fay had made an electronic deposit to his account with United Bank of Iowa of $2,000 on May 20th, which was then transferred to Glacier Bank. That money was then withdrawn from an ATM of $300 and the rest from the account later that day. 

Court documents show that Fay repeated these transactions several times, with the final activity happening on June 3rd. United Bank of Iowa claimed Fay’s account with them was a negative $3,974. The bank alleges that Fay knew these deposits to be fraudulent and when contacted about it, Fay said he would return the money, which he didn’t. A ten-day notice was sent to Fay to repay the money, which when that time period elapsed, Fay didn’t comply. 

Fay was then charged with a Class D Felony for second degree theft and was arrested last week and booked into the Greene County Jail.

Raccoon Valley Radio will bring you more information as it becomes official.