A Dutchess County man stole $43,000 in equipment from a Putnam County business and sold it as scrap metal, police said.

Putnam County Sheriff Donald Smith said in a Thursday news release that deputies went to an unidentified Patterson business on Aug. 15 to take a report on the theft of well-drilling equipment and related materials.

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The case was referred to the sheriff's Bureau of Criminal Investigation, which determined that over a three-week period, Matthew G. Hoag, 20, of West Duncan Hill Road in Dover, had entered the owner's storage building, removed the items and sold them as scrap at a Dutchess recycling firm.

Hoag was taken into custody Friday in the town of Poughkeepsie and was taken to the Putnam Sheriff's Office in Carmel, where he was charged with third-degree burglary and third-degree grand larceny, both felonies, police said.

He was arraigned before Patterson Town Justice Anthony Mole Friday and was released after posting $5,000 cash bail. He is to appear again in Town Court on Sept. 20.

If convicted of either charge, Hoag could face up to seven years in prison, police said.

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Court officials did not have an attorney for Hoag listed Thursday afternoon.