May 10, 2013 7:22 AM by KSBY STAFF
A local businessman accused of white collar crimes is back in San Luis Obispo County.
Al Moriarty was arrested Sunday in Kitsap County, Wash. on a $5 million arrest warrant issued out of San Luis Obispo County.
The 80-year old owner of Moriarty Enterprises is accused of securities fraud and embezzlement.
KSBY News has learned Moriarty waived extradition to San Luis Obispo County on Tuesday.
He was booked into the San Luis Obispo County Jail Thursday night and will be arraigned on Monday.
His bail is set at $5,000,000.
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