Former Center Township CFO Alan Mizen arrested on $343K embezzlement charges

INDIANAPOLIS - Former Center Township Chief Financial Officer Alan Mizen was arrested Tuesday on embezzlement charges after a lengthy investigation by the FBI, the Indiana State Board of Accounts and the Marion County Prosecutor's Office, U.S. Attorney Joseph Hogsett confirmed.

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The charges stem from a 2012 investigation prompted by a State Board of Accounts audit.

According to Hogsett, Mizen embezzled thousands of dollars by setting up a PNC Bank account that he used to deposit a check in the amount of $343,541.08 drawn from public funds.  Mizen then used the computerized accounting system at the Center Township Trustees Office to create a false invoice indicating that he had written the check to the “Treasurer of State.”

Mizen then transferred the funds that he deposited into the PNC Bank account to various personal accounts that he maintained. From the personal accounts, Mizen allegedly used over $200K to help purchase a residence in Zionsville, purchase a Toyota Tacoma pickup truck, fund his child’s college education, finance personal vacations, and purchase a diamond necklace and ring for $8,900 during a trip to the Cayman Islands. The allegations happened from June 10, 2010 through July 2012. 

Mizen now faces prosecution for theft and embezzlement of Federal Program Funds. In addition to arresting Mizen, federal authorities froze a bank account and an investment account that he used to channel the embezzled funds. 

"Citizens are owed integrity at all levels of government," FBI Special Agent in Charge Kevin Lyons said. 

"The message of this office has been consistent over the last two years, but bears repeating today: it doesn't matter what your politics are or what position you hold in our community," Hogsett said. "If you do not uphold the public trust, our Public Integrity Working Group will find you, investigate you and the U.S. Attorney's Office will prosecute you to the fullest extent of the law."

Mizen could be sentenced to up to 10 years in federal prison and could also face significant fines and federal supervision for up to three years once he has served his prison term.

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