Marlton Mom, Son Embezzled Nearly $500K, Police Say

A Marlton mother and son who conspired to steal almost half a million dollars from a local printing company have been arrested and face multiple charges, Evesham Township Police said.

BettyAnn Peard, 59, and Steven Peard, 29, spent months embezzling money from the Camden County-based firm in a wide-ranging fraud, police said.

Steve Peard wrote himself more than 100 fraudulent checks over a 10-month period, police said, amounting to more than $480,000; his mother, the company's bookkeeper, altered the company's accounting registry in a failed effort to conceal the thefts.

Evesham officers and members of the Burlington County Prosecutor's Office arrested the Peards Thursday after executing a search warrant at their Conestoga Drive home.

Bettyann Peard was charged with second-degree theft by deception, and was released after posting $50,000 bail.

Steven Peard was charged with second-degree theft and third-degree forgery, and was taken to the Burlington County Jail in default of $75,000 full cash bail.