Woburn Police arrested a man who allegedly took part in a scheme that stole more than $300,000 from a Woburn business.
Police arrested Wanderly Moreira Costa, 43, 23 Oakland St., Watertown, on Monday and charged him with uttering false checks, larceny more than $250, operating a motor vehicle without a license and a marked lanes violation.
Police arrested Costa during a traffic stop. He was initially charged with operating a motor vehicle without a license and a marked lanes violation.
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Police brought Costa back to the station where they talked to him about an ongoing investigation involving 34 fraudulent checks totaling $305,995. A Woburn business reported the fraud case at the beginning of February.
Costa reportedly admitted to being part of the scheme with a former employee of the company. He deposited fraudulent checks from the Woburn company into his account. After the check cleared, he would withdraw cash to pay the employee, said police. ย
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The fraudulent checks ended when the employee was fired. ย
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