Joseph Gilbert Gallitz Jr, 38 of Troutman was arrested on five counts each of obtaining property by false pretenses and felony embezzlement. He was placed in the Iredell County Detention Center under secured bond of $275,000.
Iredell Sheriff Darren Campbell, in a news release, said that a report was filed early this year concerning a large-scale embezzlement at a local business.
The North Carolina State Bureau of Investigation, obtained records from the business, which showed that Gallitz had embezzlement and fraudulently obtained more than $595,000 over a five-year period.
A LinkedIn online profile of Gallitz listed him as the finance manager at Randy Marion Automotive.
Warrants were obtained on Monday, and Gallitz was arrested at his residence.