Employee arrested for theft after company mistakenly gives him big paycheckBy Mason White 12:43 PM August 23, 2013
By: Ryan Lee Hall
A man was extremely happy when he received a huge amount of money from his employer.
However, his joy did not last too long after he found out that the money did not come as a bonus for his hard work, but rather through an accounting error.
Cesar Saldivar, 25, of Bryan, Texas, was arrested and charged with theft after being mistakenly paid 100 times more than he should have been paid, but he did not return the money to the company.
Saldivar was paid a whopping $99,275 instead of the $992.75 that was owed to him. It was all due to an accounting error at the Texas Steel Conversion where he worked, according to a police report.
When they realized their mistake, the company attempted to recover the money from Saldivar, but was unsuccessful.
According to the police report, Saldivar told employees of the company that he felt he had not done anything wrong, and he had no money left. He also said that he needed more time to figure out what to do.
Out of the $99,275, approximately $38,000 was deducted from federal income taxes and about $6,000 for Social Security. The net amount deposited in the account was $53,221.79 according to the report.
Saldivar opened a new bank account and deposited $53,221 of the money he received. He also withdrew $20,000 on that day and another $25,000 four days later, according to the report. Saldivar did not actually steal the money, but when he did not return the money, which was deposited into his account, he was charged with theft.
In Texas, theft of property valued between $20,000 and $100,000 is a third-degree felony. Saldivar was released from the Brazos County Jail on $10,000 bail.