::Police Arrest Man In $1 Million Fraud Case
From Raleigh Chronicle Staff Reports
Tuesday, July 17, 2007
DURHAM - According to the Durham Police, detectives arrested a Durham man and charged him with seven felony fraud charges Monday for police said was an alleged "misappropriation of more than $1 million from a business partnership."
In June 2006, according to the police department, members of the fraud unit arrested Jason Kwang Chul Song, also known as Jason Curtis Rasmussen, of Hunting Chase Road in Durham and charged him with one count of embezzlement in excess of $100,000.
Song, 37, of Hunting Chase in Durham was charged with embezzling approximately $220,000 from Video Editing Center, LLC. Song was part owner of the business, say police.
However, police say after that initial arrest, they continued their investigation and allege that Song may have stolen even more.
According to a statement to the media, police spokesperson Cammie Michael said that investigators believe that "Song fraudulently diverted funds from the business and his business partner for personal use."
On July 16, 2007, the Durham Police filed additional charges against Song including two counts of obtaining property by false pretense, two counts of obtaining property by false pretense in excess of $100,000, one count of embezzlement, one count of embezzlement in excess of $100,000 and one count of appropriation of partnership funds by a partner for personal use in excess of $100,000.
According to the Durham Police, the new amounts in question total more than $1 million beond the previous amount of $220,000 alleged to have been stolen.
The Durham Police said that Song had been placed under arrested and that he was in jail at the time of the media statements under a $3 million bond. ::