Shreveport, LA (KMSS) — A Shreveport man was arrested for stealing thousands of dollars from his new business partners, said Caddo Sheriff Steve Prator.
Jeremy Reed, 32, was arrested on one count of theft.
In December 2012 a New Orleans man invested $20,000 in Transporters Driver Outsource LLC, a company formed by Jeremy Reed Byles of Shreveport.
As soon as the money was deposited, Byles began making withdrawals from the company account.
According to Detective Doug Smith, Byles is accused of taking out three large cash advances from local casinos, making over twenty ATM withdrawals, writing three large checks to himself and making electronic transfers to his personal account.
The total amount embezzled from the company account was $15,853.
Byles’ business partners discovered the theft when they examined the company account after learning he had been arrested in January 2013 for thefts from his former employer.
Byles was taken to Caddo Correctional Center and his bond is set at $15,000.