Local News

Cumberland Businessman Charged With Embezzlement

Posted October 14, 2003

— A well-known Fayetteville businessman is in jail, charged with embezzling millions from the elderly. While investigators look for evidence against Anthony Allen, his alleged victims look for answers.

Allen is being held in the Cumberland County Jail on $1 million bond.

Investigators said Allen, a former insurance agent, tricked senior citizens into giving him money.

Investigators believe Allen spent hours in his Fayetteville office shredding documents. He was caught on surveillance tape removing boxes full of papers from the office building.

Allen had recently been locked out of his office for not paying rent and apparently was breaking back in to get his belongings when he was arrested, investigators said.

Allen owned a variety of businesses in Fayetteville. He is also the licensee/publisher of the local Cumberland County edition of

Fifty Plus


Like many other senior citizens, Marjorie Harris trusted Allen, who offered to invest her money.

Harris does not describe herself as a risk taker. In fact, she said she plans every investment carefully -- or so she thought.

"I really don't know, I don't know why we listened to him, it was just something -- I just don't know," Harris said. "He's convinced a lot of people, went around to the church and convinced people to turn over their savings to him."

People who worked for Allen are out of a job.

"I'm beyond mad. It's very frustrating," former employee Wayne Knox said.

Federal agents are building a case against Allen.

Many of the alleged victims are hiring lawyers and building cases of their own in attempt to get their money back.


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