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MICHAEL J. PHELAN, FORMER CRYSTAL LAKE BUSINESSMAN, ARRESTED AND CHARGED WITH 22 COUNTS OF THEFT

MICHAEL J. PHELAN, FORMER CRYSTAL LAKE BUSINESSMAN, ARRESTED AND CHARGED WITH 22 COUNTS OF THEFT

 

 

FOR IMMEDIATE RELEASE:

 

Louis A. Bianchi, McHenry County State’s Attorney, announces that fifty year-old Michael J. Phelan, formerly the owner and president of Phezer Enterprises, Inc. of Crystal Lake, was arrested on May 6, 2011 after the grand jury returned a Bill of Indictment against him on May 4, 2011.  Mr. Phelan faces 22 counts of Theft (Over $300), class 3 felonies, for allegedly deducting health and dental insurance premiums from the paychecks of Phezer employees for nearly three months from May to July of 2008 after the employee health and dental care plan was canceled.  The indictment alleges that the defendant kept the funds from those health and dental insurance premiums.  Mr. Phelan remains in custody after bail was set in the amount of $150,000.  This case was investigated by Detective Kevin Doherty of the Crystal Lake Police Department and Angel Pena of the United States Department of Labor.