A FLASH FLOOD WATCH is in effect for Lee county through this evening. Rain & thunderstorms will continue to be possible for the Brazos Valley, through the evening and overnight hours. Severe thunderstorms cannot be ruled out -- damaging winds, large hail, and even an isolated tornado threat will need to be monitored.
Christopher Matthew Colbert -- known as Matt to many customers -- is out of a Brazos County jail after his bond was reduced Thursday afternoon.
Colbert faces 12 counts of forgery and one count of theft of stolen property. All 13 counts are felonies. Originally, bond was set at $315,000, but after a hearing Thursday, Judge J. D. Langley reduced it to $130,000, or $10,000 for each count. Colbert bonded out of jail later that day.
According to a probable cause statement, Colbert was caught trying to deposit a counterfeit check at the Bryan Wells Fargo Bank on April 28. The original check was made out to Colbert's place of employment, Compass Moving and Storage, where he was an office manager, but the counterfeit check was made out to himself.
At that time, detectives also found 20 business checks, all with forged signatures of Compass's owner, Don Keller, and all but two made out to Colbert. Investigators also found seven more counterfeited checks made payable to Colbert.
On May 11, Keller taped a conversation with Colbert, who admitted to writing checks and obtaining a credit card without permission, and to stealing money from the company. Colbert also told Keller he would have kept doing it if he wasn't found out.
Colbert was arrested on May 23. His wife, Kelly, is listed as a minority owner of Compass, with Keller being the majority owner.
In all, Compass Moving and Storage is estimated to have lost over $160,000 dollars because of Colbert.
This also isn't the first time Colbert has been in trouble with the law. In 2002, charges were dismissed against him in a check-kiting scheme after he and the accuser reached a settlement.
In the current scandal, the trial should begin early next year.
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