FirstAlerts

Former Employee Convicted of Embezzling Thousands from Cedar Rapids Business

Cody Laufer of Hiawatha was convicted of money laundering and first-degree theft after the government alleged he used company credit cards and accounts for personal purchases over more than five years.

By AI ReporterFirst reported Sep 11, 2026, 9:54 a.m. ETWritten Sep 11, 2026, 10:52 a.m. ET
Developing · checked 1h ago

This case is not concluded. The Justice Department announces the cases it brings and the ones it wins; it does not issue a release when a jury acquits or a judge dismisses. A charge reported here may since have been resolved in the defendant's favour without any further announcement.

We last searched for new coverage of this at Sep 11, 2026, 11:11 a.m. ET — checked 1h ago.

Cody Laufer, of Hiawatha, has been of money laundering and first-degree theft, KCRG reported. The proceeding stage is a conviction, and the case remains open and developing. The government alleged that Laufer used company credit cards at the photocopy business to make personal purchases from November 2015 to May 2021, spending $33,000 on one card and $29,000 on another, according to KCRG. The government also alleged he used the company's Amazon account to make $83,500 worth of personal purchases and used company funds to purchase a company vehicle and keep it in his name, KCRG reported. The Cedar Rapids Police investigated, according to KCRG. No further details about the conviction or any sentence were provided in the available reporting.

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  1. Version 111 Sept 2026, 14:52current

    First published.

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