FBI: Probe into $1.9 million embezzlement accusation leads to felon with firearms

An FBI investigation into a $1.9 million embezzlement scheme led authorities last month to discover several firearms in the possession of a Midland felon, court records state.

William Scott Frazier, 42, faces a federal count of possession of a firearm by a convicted felon. Frazier was arrested within the past week and appeared Thursday before U.S. Magistrate Stephen Hyles, who granted Frazier bond on his own recognizance.

Frazier’s arrest stems from a search warrant FBI agents executed March 15 at his home in connection with an embezzlement investigation, an affidavit states. Authorities allege Frazier used a company credit card to embezzle more than $1.9 million from a publicly traded company that was not named in the affidavit.

Frazier currently only faces the weapons charge.

The affidavit states agents discovered 17 firearms ranging from pistols to shotguns during their search of Frazier’s home.

Frazier spoke with agents the day they searched his home. He told them several weapons were stored at his house, and that he’d had some of the guns at a Columbus shooting range, the affidavit states.

Frazier was convicted in 2001 in Florida of uttering a forged instrument, records state. Felons are prohibited from having guns.

Frazier’s preliminary hearing was scheduled for Thursday, though attorneys postponed it to next week. On Thursday, Hyles ordered that Frazier be released on his own recognizance, but that he must surrender his passport.