Waterloo man arrested for stealing over $500K from employer

CANANDAIGUA, N.Y. – On Wednesday, Nicholas E. Argetsinger, 60, of Waterloo (aka Kirk B. Piersma of Phoenix) was arrested for scheme to defraud, three counts of grand larceny, and three counts of falsifying business records.

The arrest follows a fraud investigation, which showed Argetsinger redirected more than $1.8M of his employer’s earnings into his own bank account. He stole over $544K during his three years of employment.

New York State Troopers arrested Argetsinger in Waterloo, and he was taken to Ontario County Jail for arraignment Wednesday night. He will have a future court date scheduled for Geneva Court.