The now former chief financial officer of the York City-based Lifestyle Foods is accused of embezzling more than $600,000 from the business over the span of roughly six years.
Pradeep Anil "Mike" Jaipaul, 33, of 1 Graystone Manor Drive in Hampden Township, Cumberland County, was charged with theft, theft by deception, receiving stolen property and access device fraud by York City Police on Feb. 6, according to his charging documents.
He was released on $10,000 bail that same day, according to online court documents.
Court documents did not list an attorney for Jaipaul, and he could not be reached for comment Wednesday night.
Missing funds: Jaipaul had been employed with the 600 N. Hartley St. company since it was formed in January 2007 and was solely responsible for maintaining all financial records between then until late 2012, charging documents state.
Jaipaul spent $630,612 of the company's money, some of that sum on gas, dining out, a gym membership, hotel and travel expenses and ATM cash withdrawals and at home improvement retailers, documents state.
He also wired money to international companies that were not vendors of Lifestyle Foods and transferred and wired money to his personal bank account and to his wife's account, documents state.
Police were able to trace missing funds back to sometime in 2006.
Authorities were alerted to the alleged embezzlement scheme when Lifestyle Foods founder and CEO Jason Bross contacted police in January after an internal investigation into Jaipaul, documents state.
Bross confirmed Wednesday night that Jaipaul is no longer employed by the company but declined further comment.
A preliminary hearing for Jaipaul is scheduled for April 4.
Lifestyle Foods produces nutritious, ready to eat salads and snacks, according to its website.
- Reach Greg Gross at email@example.com.