According to the U.S. Attorney's Office, Mizen created an invoice in the amount of $343,541.08 on June 10, 2010 to issue a payment to the Indiana State Treasurer. Six days later he cut a check for that same amount made payable to "Attorney's General Clearing Tr." Mizen endorsed the check and deposited into an account he opened at PNC Bank. He then transferred those funds to various personal accounts he controlled. Mizen used the money to help purchase his home in Zionsville, a Toyota Tacoma pick-up truck, his child's college expenses, personal vacations, as well as a diamond ring and diamond necklace he purchased during a trip to the Cayman Islands.
Acting U.S. Attorney Josh Minkler credited the FBI, State Board of Accounts and the IRS for their assistance in prosecuting the case. The agencies are partners in the U.S. Attorney's Public Integrity Working Group, which was launched in April 2012 with the stated purpose of aggressively investigating allegations of public fraud, waste and abuse by public officials in Indiana. The U.S. Attorney's Office encourages anyone with information on public corruption to contact the U.S. Attorney's Office at (317) 229-2443.
UPDATE: An anonymous commenter has an interesting question about Mizen's wife, who is the chief deputy in the Marion Co. Auditor's Office and, like her husband, formerly worked for the Indiana State Board of Accounts:
Did Alan Mizen’s wife, Shirley Mizen, receive the “diamond ring and diamond necklace purchased during a trip to the Cayman Islands” mentioned in Mr. Gary Welsh’s article. Shirley Mizen is a former Auditor at the State Board of Accounts and current Chief Deputy for Marion County Auditor, Bille Breaux. Did Ms. Mizen know the source of the funds used to purchase the Zionsville home and the trip to the Caymans to buy expensive jewelry? Was there a connection between the funds stolen by Alan Mizen and the Marion County Auditor office?