Magen Peters Charged with Stealing Over $92,000 from Carmel Employer
Magen Peters, 40, has been arrested and charged with stealing more than $92,000 from her Carmel-based employer, The Deck Store, along with several clients and a bank. Peters faces multiple charges, including fraud, forgery, identity deception, and theft.
Peters was taken into custody on December 6, 2023, and is being held on a $75,000 bond. The investigation began when Peters’ employer noticed discrepancies in cash deposits made by her. She was instructed to deposit $8,200, but only $5,200 was actually deposited, with the deposit slip altered to cover up the missing funds.
Further investigation revealed Peters used store clients’ purchase invoices to make 19 fake refund transactions totaling more than $25,000, spending the stolen funds on personal expenses. Additionally, Peters made unauthorized purchases using stolen credit card information from a client to complete a deck project for her parents.
The investigation also uncovered that Peters processed five unauthorized credit card payments from The Deck Store’s clients to pay off another client’s outstanding balance related to her parents’ deck project.
Peters’ fraud continued after she was fired from The Deck Store, as she opened a Regions Bank account using a former employee’s personal information. She initially deposited funds into the account, then overdrew it by more than $3,000. The investigation showed that Peters intended to fraudulently overdraft the account and cause damage to the victim’s credit.
This isn’t Peters’ first encounter with the law. In 2015, she was arrested for fraud and check fraud, and in 2019, she was convicted of identity deception and forgery after using a client’s personal information to open a fraudulent bank account.
Peters declined to speak with police about the most recent charges. Efforts to contact her employer, The Deck Store, as well as other organizations where Peters was involved, have so far been unsuccessful.
