Suspect Arrested for Embezzling from Local Business

Police News (View All)

Suspect Arrested for Embezzling from Local Business

In April of 2018, Marang was hired by Precision Electric Contractors.  Almost immediately Marang began embezzling money from the company. Marang changed payment records, changed business records, and deleted records to cover this up.  In February of 2019, the Medford Police Department received information about the embezzlement.  Precision Electric Contractors was warned of the allegation and it was suggested that they have an independent audit performed.  Ultimately the audit revealed that $264,254.29 had been embezzled by Marang.  An additional $37,000- was missing related to gambling establishments outside this jurisdiction. 

The case was handled by an MPD Detective and after an extensive investigation Marang was arrested.  On 09/16/19, Marang was lodged on thirty charges related to the case.  The charges included multiple accounts of the following:

Aggravated Theft I

Theft I

Theft II

Fraudulent Use of a Credit Card

ID Theft

Unlawful Factoring of a Payment Card Transaction

Falsifying Business Records

 

Marang’s total bail is $230,000-

Traci Marang 49 years old

© 2019 City Of Medford  •  Site Handcrafted in Ashland, Oregon by Project A

Quicklinks

Select Language

Share This Page

Back to Top