Employee Accused of Stealing $900,000 from Newspaper

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A former Quad-City Times employee and his wife are accused of stealing more than $921,000 from the Davenport newspaper through wire and mail fraud.

Earl and Julie Beasley were arrested at their residence in Taylor Ridge, Ill., by the FBI and released Tuesday on a $250,000 personal recognizance bond.

Earl Beasley, 51, was building maintenance supervisor at the Davenport newspaper from August 1989 until Jan. 19, 2007.

He was fired after the newspaper reviewed several invoices submitted to the Times from two companies reportedly owned by his wife.

According to court documents, the newspaper and auditors could not verify any items or services the Times purchased from the companies.

”There is no evidence that would suggest that Protech Company and R&E Enterprises are anything but shell companies” to defraud the newspaper, a criminal complaint states.

The Beasleys are accused of submitting the invoices from 1997 to January, according to court testimony.

The Beasleys are scheduled to appear in court Friday for a hearing at which the government will discuss the possibility of freezing their assets.

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