WACO, Texas (KWTX) A longtime Waco businessman was free on bond Friday after his arrest on a Travis County felony warrant that charges securing execution of a document by deception over $200,000.
Thomas Renschler, 74, who, according to Texas Secretary of State records, is associated with more than a half-dozen local businesses including Renschler Auto Service, Renschler Cars, Renschler Communication, Inc., and Texas Star Security, turned himself in Thursday morning in Waco.
He was later released after posting $20,000 bond, according to McLennan County Sheriff’s Office records.
Renschler was named in an indictment handed up on June 12 by a Travis County grand jury.
The indictment alleges that from October 2007 to June 2012 Renschler “with intent to harm or defraud the Texas Mutual Insurance Company…under reported or caused others to under report payroll and the number of employees”…causing “Texas Mutual Insurance Company to sign or execute documents” affecting the company’s financial interest by $200,000 or more.
The cost of workers compensation insurance is calculated on the basis of payroll and employee’s classification codes.
Texas Mutual Insurance Company insures 43 percent of the state’s workers compensation market.
The alleged offense is a first-degree felony.
Calls to Texas Star Security and Renschler’s home for comment weren’t answered Friday afternoon.