May 9, 2013 6:22 PM by Katherine Worsham, KSBY News

Moriarty on way back to San Luis Obispo County

Sources close to the investigation tell KSBY News Al Moriarty, a Central Coast businessman charged with white collar crimes, is on his way back to San Luis Obispo County from Washington state.

Moriarty was arrested Sunday in Kitsap County on a $5 million arrest warrant issued out of San Luis Obispo County. The 79-year old owner of Moriarty Enterprises is accused of securities fraud and embezzlement.

KSBY News has learned Moriarty waived extradition to SLO County on Tuesday.

He is expected to be booked into San Luis Obispo County Jail Thursday night and arraigned on Friday or Monday.

» There are multiple updates to this story. Please click here to get the latest information.

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