Joseph Tagler, 29, of the 5100 block of West 105th Street in Oak Lawn, who worked as a back office manager and member of the board of directors for Eagle Market Makers, a Chicago trading firm, was charged today for stealing or diverting payments that were intended for the co-owner of the firm. He was arrested by the FBI and charged with one count of wire fraud, a felony offense, in connection with a transfer of $9,550 that occurred in January of this year.
The complaint was filed Wednesday under seal and announced today by Robert J. Holley, Special Agent in Charge of the Chicago Field Office of the FBI, and Zachary T. Fardon, United States Attorney for the Northern District of Illinois. According to the complaint, he stole over $700,000 during a 26-month period which he used for his personal use, that included purchasing property for himself and his brother-in-law in Walkerton, Indiana. It also alleges that one of the co-owners discovered the scheme last month when he was preparing to file tax returns and noticed the amount in dividend payments he received was less than what appeared in the company records.
Tagler allegedly prepared a November 2012 dividend check for the co-owner but did not send the check to his residence in Alabama, as Tagler was supposed to do. It is alleged that Tagler forged the co-owners signature, deposited the funds into a bank account, and then withdrew the funds in cash. The complaint alleges that the same account was also used to deposit funds in the amounts of approximately $323, 700 in 2012 and approximately $496,000 in 2013, monies that were intended for the co-owner.
Tagler appeared before U.S. Magistrate Judge Sheila Finnegan, who released him on a $50,000 unsecured bond. No future court date has been set. The charge filed against Tagler carries a possible maximum sentence of 20 years in prison and maximum fine of $250,000.