The former head of finance for a San Francisco tech company has been charged with embezzling more than $2.7 million by using the company's payroll software to inflate his paychecks, federal prosecutors said.

Aubrey Jackson Shelton II was arrested Friday after being indicted by a federal grand jury, the U.S. Attorney's Office for the Northern District of California said in a statement.

Shelton was senior vice president of finance for a San Francisco automobile services and technology company, prosecutors said. Shelton's LinkedIn profile identifies his employer as RepairPal, a car repair estimate website.

Among other things, Shelton is accused of paying himself $5,000 monthly mileage reimbursements while reducing his gross salary, resulting in less tax being withheld from his paycheck, prosecutors said.

He was also charged with falsely reporting his income on tax returns by not including the amounts he embezzled from the company.

The indictment charges Shelton with three counts of bank fraud, five counts of wire fraud and four counts of tax evasion, prosecutors said.