Police in Council Bluffs say an arrest is likely soon resulting from an investigation into the embezzlement of more than $100,000 from Alter Trading Corporation, a metal recycling company. Council Bluffs Police Sgt. David Dawson told the Daily NonPareil a male employee at the Alter Corporation allegedly issued unauthorized checks to his family members. The checks, which were written from Jan. 1st, 2012 through this past Wednesday, amounted to $102, 436.

The suspect, if arrested, would face felony charges of first-degree theft, punishable by a maximum of up to 10 years in prison.