Knoxville man charged with embezzling $400K

ROGERSVILLE, Tenn. (AP) - A Knoxville man suspected of embezzling about $400,000 from his former employer has been indicted by a grand jury and is scheduled to appear in court Friday.

Timmy Dean Byrd has been charged with money laundering and three counts of theft over $60,000. He is scheduled to appear in Hawkins County Circuit Court for arraignment.

The 39-year-old Byrd is suspected of stealing from Contour Industries.

The alleged embezzlement was discovered after company executives contacted a customer to ask why payments hadn't been made. Executives learned that Dean had allegedly altered payment checks to the company over a three-year period and deposited them in his bank account.