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Davenport man accused of stealing millions from Rock Island company

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A former Bituminous Insurance Companies manager was accused of stealing at least $2.7 million from the company and taking the money for his personal use.

Dominic Scodeller, 47, of Davenport, Iowa, was a manager of purchasing and facilities for BITCO, which is headquartered in Rock Island, Illinois.

Prosecutors allege Scodeller created bogus entities, and then approved payments from BITCO to the phony vendors, before ultimately transferring the stolen money for his own use.

Scodeller was indicted by a grand jury Tuesday, October 21, 2014 and he was arrested Tuesday, October 28, according to a statement from U.S. Attorney James A. Lewis.  Scodeller was charged with fraud and money laundering, and faced a total of 15 counts.

At a court hearing the day of his arrest, U.S. District Judge Sara Darrow ordered Scodeller temporarily detained by the U.S. Marshals Service.  A detention hearing was set for Wednesday morning, October 29.


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