Charges: Minnesota man stole $350K from brewery where he worked


A St. Cloud man is being accused of stealing more than $350,000 from the brewery where he worked.

Adam Jonathan Martin, 35, has been indicted on six counts of wire fraud, three counts of money laundering, and one count of aggravated identity theft, U.S. Attorney Andrew Luger announced Tuesday.

Court documents show Martin was a controller at a "Minnesota-based brewery," although the news release doesn't say which one.

The St. Cloud Times, citing previous court documents, as well as his LinkedIn page (which has since been removed) show Martin was employed by Cold Spring Brewing Co. (the company behind Third Street Brewhouse in Cold Spring).

The Star Tribune says Martin started at Cold Spring Brewing Co. in 2007, and charges say he worked there until November 2014.

But in December 2011, investigators discovered Martin had transferred more than $240,000 from the brewery's business checking account to a business brokerage account that he'd opened using his sister-in-law's identity, the charges say.

Martin allegedly used those funds for "various personal expenses," including making a downpayment on a home, the release says.

He's also accused of stealing $30,000 in cash from the brewery, and using the brewery's credit card to pay for $78,000 worth of personal expenses, including a stay at an all-inclusive resort.

In a separate incident, Martin is accused of being involved in a Ponzi scheme. Charges say he bilked $330,000 from friends, relatives and acquaintances who thought they were making legitimate investments. He is accused of using that money for personal expenses and to pay off previous investors. 

Martin is expected to go to trial on Aug. 29, 2016.

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