FYI:"Shop manager charged with stealing $375,000 in ...

bikes, merchandise"

AP, Colorado Springs


Investigators say a 32-year-old man who worked his way up from
age 17 to manage two bicycle shops is suspected of stealing more than
$400,000 in gear and selling it on eBay, the Gazette reported Saturday.

The newspaper said William Reese Houghton,32, sold the gear on eBay.
He was arrested in November for thefts from Pro Cycling between 2003
and 2005 of $375,000 and that lead to an investigation of his work at
Colorado Cyclist. Now he is charged with stealing $70,025 worth of
gear from Colorado Cyclist, ....

Article snip: court appearance

....Houghton made a profit of $44,549 from the stolen goods at Colorado
Cyclist, based on his PayPal online payment account, ....

.... hired at age 17 at Colorado Cyclist in 1991. ... worked his way up
to general manager....

.... fired in December 2002 ..., no charges filed.

....opened Pro Cycling.

Michael Joe Kelty, 35, a friend of Houghton's and a former co-worker at
Colorado Cyclist, also was arrested in November. He was charged with
stealing $8,400 worth of bicycles and parts last November for himself
and friends.

Both were fired but are free on bail.

From the Fort Collins Coloradoan.

Ken