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A Day After Meeting With Governor, Man Arrested On Parole Violation LANSING, MI (Associated Press) -

A convicted embezzler who snagged a $9.1 million business tax credit from the state has been arrested on a parole violation.

Michigan Department of corrections spokesman Russ Marlan confirmed that RASCO CEO Richard A. Short was arrested Wednesday afternoon by department investigators and the Michigan State Police.

Short shared the stage Tuesday with Gov. Jennifer Granholm as she said RASCO - short for Renewable and Sustainable Companies LLC - planned to invest $18.4 million to establish a new headquarters in Flint.

Corrections records show Short was convicted in 2002 of embezzling money from Harding Energy Inc. of Norton Shores. He also has fraud convictions in Oakland and Genesee counties.

Marlan says Short remains on parole and owes $96,000 in restitution. © Copyright 2012, Associated Press