Federal and local authorities say they've arrested a missing Arkansas man who faked his own drowning.

In a release issued Tuesday, the U.S. Marshals Service said 42-year-old Matthew Alan Sheppard of Searcy, Arkansas, was arrested Friday in Yankton on felony fraud and embezzlement charges.  On February 17th, Sheppard's wife reported her husband fell into a river near Heber Springs, Arkansas. He was not found despite extensive searches.

The U.S. Marshals Service says Sheppard disappeared shortly after he found out his employer wanted to speak to him about discrepancies in his expense report. Authorities say he is suspected of stealing thousands of dollars from his employer.