The FBI and the New York State Department of Labor are investigating allegations that a Payroll company diverted millions of dollars in employee pay to its own bank Account, officials said Thursday.

An FBI spokesperson confirmed the investigation after the bureau's Albany, New York, office tweeted that it was "seeking information from business owners who may have suffered financial loss due to the alleged activity of Mypayrollhr and its affiliates."

MyPayrollHR, based in Clifton Park, New York, apparently ceased operations last week after direct-deposit company Cachet Financial Services claimed it diverted as much as $26 million in small-business employee paychecks to one of its bank accounts.

In some cases, small business employees did not receive their regular direct deposit paychecks at the end of August, and their normal pay was withdrawn from their accounts twice.

Olivia Braund, who works in marketing for Shafran Realty Group in Carlsbad, California, said she received a text from Chase Bank after payday notifying her that her account had been drained of the exact amount of her usual check.

The incident occurred just before Labor Day weekend when MyPayrollHR, which has worked with Cachet for about 12 years, submitted the usual data files for the latest employee pay period, she said.