Aaron Koniak was arrested recently in Indianapolis Indiana for alleged financial fraud. According to police investigations, Aaron Koniak was arrested for committing acts of financial fraud in his workplace where he was handling the accounts department. A lifelong resident of Indianapolis, Indiana, Aaron Koniak had been working as an accountant for more than ten years prior to his arrest. The details of the fraud committed by him are being investigated by the police and preliminary investigation has revealed that he created false vendors and issued payments to them.
With more than ten years of experience in the field and an in-depth understanding of the field of accounting, Aaron Koniak easily manipulated the account records for his own gains. His fraudulent activities were soon brought to light during an audit where the discrepancies in the accounts were noticed. Aaron Koniak was arrested promptly as all investigations pointed towards him and he was found out to be the only culprit in the whole incident. In the case of forgery, he had been shifting money to his personal accounts under the name of fake vendors that he had created to siphon money from the company. He added fake names, addresses and company records to ensure that everything looked authentic to a person who was not an accounts professional.al.
Even though an experienced accounts professional, even he could not take care of all the details of his extensive operation and thus Aaron Koniak arrested for the fraud. His actions have harmed the trust of the company’s stockholders as the company lost a lot of money that will take a long time to be recovered.
Aaron Koniak was charged for this accounting scandal in the presence of right evidences and witnesses. His lawyers applied for a bail and he was released on a bond of an undisclosed amount.