After a short investigation Stephen Lee Gutshall, 30, of Demopolis was taken into custody by Demopolis Police Tuesday.

Gutshall, who was charged with felony theft of property,

first

degree, turned himself in to authorities around 8 a.m. where he was held in the Marengo County Detention Center before posting $2,000 bond.

Gutshall was held for slightly over two hours and released around 11:11 a.m.

Authorities believe the amount of funds in question likey exceeds $10,000 which warrants the first degree charges.

The state of Alabama defines

first degree

theft of property as:

(a) The theft of property which exceeds two thousand five hundred dollars ($2,500) in value, or property of any value taken from the person of another, constitutes theft of property in the first degree.

(b) The theft of a motor vehicle, regardless of its value, constitutes theft of property in the first degree.

(c) Theft of property in the first degree is a Class B felony.

Attempts to reach Gutshall Tuesday were unsuccessful.