Cary man embezzled almost $700K from business. documents say

Wake County News

CARY, N.C. (WNCN) – A Cary man faces multiple charges that include embezzling almost $700,000 from his employer.

William Keihn, 63, is a former accounting manager at Strategy Management Group in Cary. The crimes he’s charged with happened over an eight-year period, but he wasn’t arrested until Feb. 15, according to court documents.

Keihn is charged with stealing money from Strategy Management Group between January 2009 and August 2017. Cary police said the company hired a forensic accounting firm, which uncovered a lot of issues with missing money. Investigators later followed up.

Court documents accuse Keihn of embezzling:

  • $164,807 in electronic funds transfers and checks
  • $67,185 in credit card transactions
  • $98,063 in medical insurance premiums
  • $322,812 in wages, bonus, commission compensations and IRA fund

The warrants said Keihn was entrusted to receive all those funds belonging to Strategy Management Group.

The company’s website said it provides consulting services, training and certification programs to commercial, government, and non-profit organizations worldwide.

Cary police said that, as the accounting manager at the company, Keihn operated independently with no oversight.

Acting on a warrant from Cary police, Garner police arrested Keihn at a business in their town which CBS 17 is not identifying. The business declined to say what Keihn was doing there at the time of his arrest.

The business owner told CBS 17 that Keihn had been employed there for about three months as a bookkeeper, but had no access to accounts or money. He had passed a background check prior to his hiring.

When CBS 17 went to Keihn’s home to ask about the allegations, no one answered the door, but he did answer his phone.

He hung up when asked about the allegations.

After Strategy Management Group terminated Keihn in 2017, he apparently went out on his own.

The website “My Life” said he currently owns Keihn Accounting Services.

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