PARKERSBURG - A Belpre man was arrested and charged with embezzlement Friday.
Michael Watts Ludwig, 55, of 12 Bay Point Drive, Belpre, was arrested Friday morning on the felony charge, said Sgt. Greg Collins of the Parkersburg Police Department.
According to a criminal complaint filed in Wood County Magistrate Court, Ludwig, an Allstate insurance agent, allegedly accepted customer payments and deposited them into his personal account, often using those funds for personal use.
Michael Watts Ludwig
Police said the amount of money embezzled is estimated at $3,500 and allegedly took place between April 2012 and October 2012 at Ludwig's office at 1414 Blizzard Drive in Parkersburg.
Ludwig was processed at police headquarters and arraigned in Wood County Magistrate Court by Magistrate Joe Kuhl. Ludwig posted a $2,500 bond and was released.