Suspects wanted for embezzlement, corporate theft of more than $4 million arrested in Clovis

CAVIS, Calif. — Jon William Schmidt and Deborah Hollis-Coburn, who were wanted for embezzlement and corporate theft have been arrested.

This following a three-year investigation into the theft over $4 million from a local agricultural business.

Schmidt and Hollis-Coburn were arrested in Clovis, California, and are currently in custody in Fresno County Jail. They will be transported to Kern County Jail where they will remain on $4 million bail.