Greencastle,
IN -- December 20 -- The former president and one-time chief financial officer
of Dixie Chopper/Magic Circle Corp. is facing theft charges following his
arrest Thursday.
Simon
Paul Delancey Wilson, 39, who was named president and Chief Executive Officer
of the Fillmore-based lawnmower manufacturer in October 2011, was arrested
Thursday morning in Plainfield where he was reportedly attending the closing on
the sale of his home there.
Initially
lodged in the Putnam County Jail at 11:15 a.m. Thursday, Wilson bonded out at
6:50 p.m. and made his initial appearance in Putnam Superior Court Friday
morning in a brief hearing in front of Judge Denny Bridges.
The
judge entered a preliminary not-guilty plea for Wilson, represented by
Indianapolis legal counsel, and scheduled a pretrial conference for 8:30 a.m.
Feb. 12.
Charged
with theft, a Class D felony, Wilson could face six months to three years in
prison and a fine of up to $10,000 if found guilty.
A
report by investigating officer Det. Pat McFadden of the Putnam County
Sheriff's Department alleges that Wilson stole $18,705 in cash and merchandise
from the rewards account set up on a corporate American Express Card issued to
Magic Circle Corp. in Wilson's name.
He
reportedly collected the rewards points from company expenses that were charged
to the corporate credit card, allegedly converting them into 17 American
Express gift cards of $1,000 each and $1,705 in merchandise he reportedly had
sent directly to his Plainfield home.
Wilson
has been living and working in Fargo, N.D., since he was asked to resign this
past June for "misrepresenting the corporation's financial position,"
a probable cause affidavit states.
Wilson
was elevated to head up Dixie Chopper operations in October 2011 after
then-president Gary Morgan was also asked to resign for reasons unrelated to
this incident, court documents note.
Morgan
was hired from New Holland Corp. in November 2008 to be president and CEO of
Dixie Chopper. Soon thereafter, he brought in Wilson from New Holland to be
CFO.
Morgan
was also issued one of the two original American Express cards acquired when
the account was initially opened, Det. McFadden reported. Eventually more cards
were added to the account, totaling approximately 40 in 2013.
Dixie
Chopper accounts never received any rewards benefits from the American Express
program, McFadden's report also noted.
The
investigation determined that Wilson did not have Magic Circle Corp. board
approval to open a corporate account, as required by corporation bylaws.
Documents
indicate Wilson made 13 documented purchases through the rewards program,
totaling the $18,705 over the period April 12, 2011-April 5, 2012.
McFadden
further noted that Magic Circle provided documentation that none of the cash or
merchandise was ever awarded to Wilson as a company bonus. The detective also
noted that none of the income was reported on Simon's tax returns.
www.bannergraphic.com
It doesn't look good for Dixie Chopper. They are in a downward spiral and it will be a miracle if they are able to turn things around. I wish them the best!
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