Nashville, Tenn. – The Tennessee Bureau of Investigation on Wednesday arrested two Nashville men for embezzling money from a Sumner County company they were previously worked for after they were indicted by the Sumner County grand jury this week.

James Terry (top photo), 53, was indicted on four counts of theft over $10,000 and one count of theft over $1,000. Terry’s his step son Daniel Frey (bottom photo), 36, was indicted on one count of theft over $10,000 and one count of theft over $1,000. Terry was part owner and worked as plant manager since 1999 for Competition Powder Coaters, LLC a Gallatin base company. Frey began working there as assistant plant manager in 2005. From 2001 until 2011 Terry received money directly from multiple individuals and companies from jobs completed using Competition Powder Coaters equipment, inventory and labor. Frey also received money directly from jobs using the businesses equipment, inventory and labor between 2006 and 2011. As a Limited Liability Company, money generated through company operations are required to pass through the company before being distributed to its members. Terry and Frey also received money for the sale of the company’s scrap metal. Both were terminated from their positions in August of 2011. In March of 2012, the 18th Judicial District Attorney General requested TBI to investigate the embezzlement case.

Terry and Frey were booked into the Sumner County Jail and released on $5,000 each.

Terry James Arrest Photo

Frey