MONTGOMERY COUNTY, Texas – The former Chief Financial Officer of a company headquartered in The Woodlands has been arrested, accused of embezzling millions of dollars in company funds and using them for personal expenses.
The investigation began in October 2025 and focused on Jeffrey Soileau, 44, who had been recently terminated from his position as CFO of Baywater Pipeline. Over the course of several months, detectives from the Montgomery County Sheriff’s Office reconstructed years of financial records to uncover a pattern of systemic misappropriation.
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The investigation revealed Soileau allegedly used company funds for unauthorized personal expenses, ranging from luxury goods to high-end vacations.
The Montgomery County District Attorney’s Office reviewed the findings and an arrest warrant for first-degree felony theft was issued. On Monday, Soileau was arrested in Round Rock, Texas, is currently awaiting transfer back to Montgomery County to face the charges.
“Detectives working white-collar fraud and theft cases of this magnitude spend months gathering financial data that can span years, creating a comprehensive timeline of events to trace the flow of funds through a detailed reconstruction of numbers and expense categories,” the sheriff’s office said. “The investigation remains ongoing and detectives are continuing to look through financial documents and evidence to determine the full extent of the theft committed by Soileau. It is estimated that the total amount could be multiple millions of dollars.”