Randall Tanner was arrested on Monday. Tanner, 48, was indicted for misappropriation of fiduciary property on December 8th.
The indictment says that Tanner sold $200,000 dollars worth of insurance to Midland Christian School in 2006. Tanner allegedly took that money and used it for his own benefit.
Tanner was released after posting $200,000 dollars bond.