The former CFO of Ovation Audio-Visual Solutions was arrested and charged with more than 20 counts of theft last week. Alfred Talons allegedly misappropriated $600,000 in company funds for his own use. He faces charges of tax evasion, corrupt business influence and money laundering. He has been the CFO of the company since 2011. Since then, he used company money for personal appliances, technology and home improvement materials, as well as a sports club membership, airline tickets and sports tickets and cars. Talens was also a partner at Ascension Wealth Management LLC in Indianapolis. He allegedly talked an Ascension client into loaning Ovation $400,000 from his retirement account. The client was promised 7 percent annual interest over 3 years. The client never received payments on the loan and Talens used the money for personal use.
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