LAKE PLACID - A former Keene town councilman was jailed earlier this week on charges that he stole thousands of dollars over a 10-year period from his employer, a Lake Placid construction company.
Ray Brook-based state police charged Lawrence R. Jaques, 63, of Keene, with second-degree grand larceny, a class C felony, and first-degree falsifying business records, a class E felony, at 4 p.m. Wednesday. He's being held at the Essex County Jail in Lewis.
In a press release issued Friday afternoon by the New York State Police Bureau of Criminal Investigation, police said Jaques was arrested following an investigation into a complaint filed Tuesday by Torrance Construction Inc. of Lake Placid. The construction company reported to police that more than $50,000 had been stolen from the business' account.
Lawrence Jaques ran for Keeene town supervisor in 2005.
(Enterprise file photo)
Asked how the company discovered that the money had been stolen, BCI Investigator Jeremy Viele said, "At this point, we're not going to release that information."
Police said Jaques, Torrance Construction's bookkeeper, had been writing checks to himself using the business's account, cashing them and keeping the money.
"Jaques then made false entries in the business' records to cover up the larcenies," the press release said.
Police interviewed Jaques on Wednesday and said he confessed to the crimes.
Jaques started working for Torrance Construction in 2000.
The investigation is considered ongoing, and police are still trying to determine exactly how much money Jaques stole.
"The total amount stolen is expected to be considerably greater," police said in the release.
Viele said Jaques' "employment (with Torrance Construction) has been terminated."
Jaques was arraigned in North Elba town court before town Justice Dean Dietrich and remanded to jail in lieu of $50,000 cash bail or $100,000 bond. Jaques has hired a lawyer: Ron Briggs of Briggs Norfolk LLP in Lake Placid.
Reached by phone on Friday, Briggs declined to comment because the case is pending.
Jaques served on the Keene Town Council from 2003 to 2011. In 2005, he ran for town supervisor against Bill Ferebee and Percival Lawrence; Ferebee won the election and is still supervisor.
Contact Chris Morris at 518-891-2600 ext. 25 or firstname.lastname@example.org.