"Hildygate" Lives

Argus Leader:

A Sioux Falls man fired last summer from his job at Hildebrand Tewes Consulting Inc. now faces felony grand theft charges in Minnehaha Circuit Court.

Chad Schuldt, 37, stole nearly $200,000 from his former employer by overpaying himself, misusing a company credit card and causing federal tax penalties, according to a Sioux Falls Police affidavit for an arrest warrant.

Schuldt pleaded not guilty earlier this month to a two-count information charging him with grand theft. He faces up to 20 years in prison if convicted.

Schuldt, then the firm’s business manager, called co-owner Steve Hildebrand in June to tell him the business had problems with the Internal Revenue Service. After finding the IRS had placed a lien on the business for unpaid income taxes, Hildebrand determined through an accountant that Schuldt was responsible.

Read more in Tuesday's Argus Leader.