A longtime partner at the New York offices of a Chicago-based accounting firm has been arrested. He's charged with stealing nearly $4 million in client payments destined for the firm.
Authorities said 59-year-old Craig Haber was arrested Wednesday at his Manhattan apartment.
U.S. Attorney Preet Bharara says Haber is accused of betraying his partners at Grant Thornton by deceiving clients.
Authorities said he instructed clients between 2004 and last July to send checks to him rather than the firm's headquarters.
He was released on $500,000 bail. His lawyer, Michael Bachner, declined to comment.
The firm said it immediately reported the allegations to authorities and cooperated fully.
If convicted of mail fraud, he could face up to 20 years in prison.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)