Indiana man arrested in $6M scheme
indystar.com | 11/18/08 | $6 million | suspect: Kem E. Linn | victim: Cubberleys
A Carmel man will be formally charged today in connection with the theft of more than $6 million from an Evansville-based bank over the past five years, State Police and the Grant County prosecutor's office said.
Kem E. Linn, 55, is a director for Cubberley's, a Marion wholesaler of tobacco products, candy and confections, according to his lawyer in a civil lawsuit. Old National Bank sued Cubberley's last week, saying the family business was tied to a check-kiting scheme dating back five years.
Linn, who police said tried to commit suicide last week as the lawsuit was filed, was staying at the Cornerstone Behavioral Health Center in Marion, where he was arrested.
Cubberley's opened in 1969 and has estimated annual sales of $7.9 million, according to an online company profile.
Linn's lawyer in the civil lawsuit, Joe Certain, Marion, said Linn has been an officer of Cubberley's "for a good long time. His father operated it before him."
Certain said he has filed no response to the lawsuit and had no additional comment.
Linn resigned in March as the Grant County Democratic Party chairman after he was charged with making false emergency calls. The status of those charges was not immediately available.
Heck declined an interview, and Grant County Prosecutor James Luttrull Jr. was out of the office Monday, a spokeswoman said.
Linn was being held on a $6 million cash bond, police said. (Excerpt)