A Chicago trading firm's office manager is facing a federal wire fraud charge after authorities say he diverted more than $700,000 from the company's dividends to buy land in Indiana.
In a statement Friday, the FBI says 29-year-old Joseph Tagler of Oak Lawn worked at Eagle Market Makers and stole payments for more than two years.
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Investigators say Tagler used the money to buy property for himself as well as his brother-in-law.
The FBI says the scheme was uncovered when a co-owner realized he wasn't getting as much money in dividends payments as company documents indicated he should have received.
He was arrested Thursday and released on $50,000 bond.
It wasn't immediately clear if Tagler had an attorney, and his telephone number wasn't listed.