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I am sorry to learn of this situation. Unfortunately this employee created a significant problem for you. You can sue the company for breach of contract and declaratory relief and fraud - to terminate the contract - by showing the above evidence. The strongest evidence would actually be a police report or other criminal report against your employee for embezzlement.
But the company is not required to immediately release you from the contract liability, they can force you to go to court and prove it. They are operating on implied authority or agency (often shown simply by the fact that you provided a signature stamp for your employee's use) (Most are more willing to negotiate a deal though once you have an embezzlement case against your employee - even if it is only a police report or arrest record).