A man who allegedly stole more than $5,000 from his former employer, including $1,000 for a fake driver’s license, was charged Thursday in the alleged scam.

The charges were laid by Edmonton police.

Police say a man who worked as a security guard for a company in Edmonton stole $1.4 million from his employer, and then sold it off on the black market.

On May 27, 2017, police received a tip that a man with an alibi had stolen $1 million from a company.

Officers were able to track the money back to a location in Edmonton.

Detectives say the suspect stole the money at a home in a residential neighbourhood, where it was subsequently recovered by police.

The man was charged with theft, breach of trust, breach money laundering and possession of stolen property.

He is scheduled to appear in court Friday.

A spokesperson for the Edmonton Police Service says the suspect was employed by a company that had a security contract with a local security firm.

“This was a highly sophisticated scam and resulted in the theft of $1 Million from the security company and the subsequent sale of that amount,” said Const.

Steve Brown.

The Edmonton Police Services Integrity Unit is investigating the incident.

“We’ve spoken to the suspect who’s been charged and have been in contact with him and are looking at his employment record to see if there’s any reason for him to have been employed in this way,” said Brown.

“It’s very important that we continue to work with our partners to find out how this occurred.”

A similar incident took place in Edmonton earlier this year, when police were called to a home where a man allegedly stole money from his business.

A suspect who was allegedly in the company stole about $8,000, and was arrested on charges of breach of confidence, breach personal finances and breach of probation.