Come on, kids, gotta be fair here. You should have said "after ALLEGEDLY stealing nearly $100,000." That way, even if he is a criminal as is professed, no one can sue you for libel. If he's convicted, then you can remove the allegedly at will.
It's a good word, it gets you out of all kinds of trouble. For instance, if you say he is allegedly a scumbag who allegedly swindled businesses out of money by allegedly scheming to fraud the Arbitron ratings where businesses tend to base their media buys then you're fine. The more allegedly's the better.
Here's another example:
He is/was being sued for fraudulent business practices. WRONG!
He is/was being sued for alleged fraudulent business practices. CORRECT.
You don't need an allegedly before "being" because the suit is a matter of public record and is therefore a fact.
I think you get the picture. Allegedly.