THE WOODLANDS, Texas — A former chief financial officer has been arrested following a months-long investigation into an alleged multi-million dollar embezzlement scheme, according to the Montgomery County Sheriff’s Office.
Detectives with the agency’s Property Crimes Division began investigating in October 2025 after receiving reports of significant financial irregularities at Baywater Pipeline, a company headquartered in The Woodlands.
The investigation centered on the company’s former CFO, 44-year-old Jeffrey Soileau, who had recently been terminated. Authorities say detectives spent months reviewing financial records spanning several years, ultimately identifying a pattern of unauthorized use of company funds…