Updated on 09/15/2011 1:07PM

Owners accused; horses in limbo


ARCADIA, Calif. - More than 100 racehorses in California have been placed on an inactive list after their owners were accused Wednesday by the FBI of using their former jobs as security company employees to steal $12 million from the Bank of America.

Bryan Rosenquist, 39, and Michelle Serrao, 41, were arrested on fraud charges by the FBI on Wednesday. They operated as Bella Thoroughbreds and kept 111 horses throughout the state with nine trainers, according to California Horse Racing Board officials. Two of the horses were scratched from Friday's first race at Santa Anita.

The FBI accused the couple of stealing money that was transferred to Bank of America automated machines.

*Separately, Plate Boundary, a 3-year-old maiden filly, was seized by the Torrance (Calif.) Police on Tuesday after her owner, Steve Bartlett, was alleged to have stolen funds from his employer, Honeywell Corp. Bartlett has not been formally charged.