Police: 60-year-old man indicted for allegedly embezzling over $260K

Timothy D. Ramsdell (Radford Police)

RADFORD, Va. (WSET) - Police say a 60-year-old man has been arrested on felony embezzlement charges.

According to the Radford City Police Department, Timothy D. Ramsdell, 60, of Bellspring, was arrested Monday on 16 indictments of felony embezzlement.

They say the charges are related to incidents that happened between 2013 and 2016 from Jordan Oil Company.

According to police, over $260,000 was embezzled from the company.

Ramsdell was released on unsecured bond.

The incident is still under investigation.

Anyone with information should call Detective E.G. McClanahan at 540-731-3624.

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