Premium Partners

Woman Accused of Embezzling from Youth Baseball Group

AthleticBusiness.com has partnered with LexisNexis to bring you this content.

Copyright 2018 Dayton Newspapers, Inc.
All Rights Reserved

Dayton Daily News (Ohio)

 

A Springboro woman is accused of embezzling at least $180,000 from the Springboro Clearcreek Baseball Association, according to prosecutors.

Renee K. Nichols, 46, is charged with aggravated theft and tampering with records, the prosecutor's office said.

Investigators said Nichols used the money for personal spending, including a Disney vacation, personal credit card bill and other expenses.

"The idea that funds that should have been used for things like replacing aging helmets to prevent concussions, instead were used as someone's own personal slush fund, it's infuriating," said Warren County Prosecutor David Fornshell.

Nichols served as treasurer for the youth league from 2011 until 2017, prosecutors said.

The youth league said they cannot comment on the specifics of the case, but added they are working closely with law enforcement.

"While the actions of the past board member have shaken the league, we are encouraged by the community support and are excited to build on the great 2018 season and bring a stronger SCBA to the community next season," the league said in a prepared statement.

The league also said they have put an entire new executive board in place since the incident took place. They've also established a finance and audit committee that is focused on financial oversight and accountability, the board said.

"The scheme was discovered in 2017 when a new board member, who was a CPA and had experience in fraud investigations, began looking into the organization's finances and discovered that Nichols had failed to file SCBA's Form 990 with the IRS thereby threatening its tax-exempt status," the prosecutor's office said in a prepared statement.

Investigators said Nichols doctored bank records to hide the expenditures and possibly destroyed and got rid of a laptop containing historical financial information for the youth league.

Read More of Today's AB Headlines

Subscribe to Our Daily E-Newsletter

 
October 16, 2018
 
 
 

 

Copyright © 2018 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.
Terms and Conditions Privacy Policy
AB Show 2022 in Orlando
AB Show is a solution-focused event for athletics, fitness, recreation and military professionals.
Learn More
AB Show
Buyer's Guide
Information on more than 3,000 companies, sorted by category. Listings are updated daily.
Learn More
Buyer's Guide