News
Former CFO arrested in Multi-Million Dollar Embezzlement Scheme
The following is a press release received on April 7, 2026 at 4:41 p.m. from the Montgomery County Sheriff’s Office.
In October 2025, Detectives with the Montgomery County Sheriff’s Office Property Crimes Division initiated a complex financial investigation following reports of a substantial embezzlement at Baywater Pipeline, headquartered in The Woodlands, Texas. The investigation focused on the company’s recently terminated Chief Financial Officer, identified as 44-year-old [male suspect]. Over the course of several months, Detectives meticulously reconstructed years of financial records to uncover a pattern of systemic misappropriation.
The investigation confirmed that [the suspect] used company funds for unauthorized personal expenses, ranging from luxury goods to high-end vacations. Following the presentation of these findings to the Montgomery County District Attorney’s Office, an arrest warrant was obtained for First Degree Felony Theft. On April 6, 2026, [the suspect] was placed into custody in Round Rock, Texas, where he is currently awaiting transfer back to Montgomery County to face these charges.
Detectives working white-collar fraud and theft cases of this magnitude spend months gathering financial data that can span years, creating a comprehensive timeline of events to trace the flow of funds through a detailed reconstruction of numbers and expense categories. The investigation remains ongoing and detectives are continuing to look through financial documents and evidence to determine the full extent of the theft committed by [the suspect]. It is estimated that the total amount could be multiple millions of dollars.
The Montgomery County Sheriff’s Office remains committed to protecting the financial integrity of our local business community and ensuring that those who exploit their professional positions for personal gain are held fully accountable under the law.
Read full press release with suspect information (name and photo) here.
Source: Montgomery County Sheriff’s Office
