According to the records on the Rusk County Sheriff Office’s website, Shumate was arrested and charged with a first degree felony of misapplication of fiduciary property or property of financial institution, greater than or equal to $300,000 and first degree felony theft of property, greater than or equal to $300,000.

The attorney has since been released on bond.

This is an ongoing investigation and KETK News will update this story as more information becomes available.