Manager of Waterford Company Embezzled $1 Million: Police

Waterford police have arrested a manager of a local supply company who is accused of embezzling more than $1 million from the company.

The arrest comes after business officials conducted a financial audit after discovering discrepancies in billing and noticing that paperwork was missing.

The audit revealed that around $1.1 million missing, police said.

Todd C. Francis, 51, of Brooklyn, who worked as operations manager for the company for around 10 years, turned himself in to police on Monday after learning there was a warrant for his arrest.

He was charged with first-degree larceny and held on $175,000 bond.

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