Woman accused of felony theft from Clear Lake auto dealer

Clear Lake police have charged a Mason City woman with First Degree Theft, a Class C, Felony and Forgery, a Class D Felony, in the wake of a seven month investigation into her actions while employed at Lake Chevrolet.

Amy Monahan, 42, was arrested and taken to Cerro Gordo County Jail Friday, Oct. 28, on the theft and forgery charges, as well as Ongoing Criminal Conduct, a Class B Felony.

The charges conclude an investigation into reports of misconduct by Monahan while she was employed at Lake Chevrolet, in Clear Lake, from 2013 through 2016. During the course of the investigation, it was determined Monahan misappropriated over $50,000 in funds during a two-year period of her employment.

  While employed as officer manager, Monahan was responsible for employee payroll, employee benefits, accounts payable, accounts receivable, reconciliation of accounts and monthly financial reports.

  Monahan is alleged to have taken money, received extra employee benefits, used business funds to pay on personal credit cards, and forged checks all without permission or knowledge of Lake Chevrolet.

Monahan is being held on a $40,000 cash bond.