The biggest question that remains after the filing of a felony stealing charge against Neosho Youth Football League President Stewart Pace is how in the world he and his wife were ever put into a position of handling the organization's money.
Pace allegedly embezzled nearly all of the money the youth organization had. One day after his wife Jennifer, the organization's treasurer, said it had $22,000 in the bank, it turned out the amount was actually $20.72.
Online court records indicate loan companies received judgments against the Paces in 2011 for $12,036.99 and in 2014 for $2,712.46.
The Paces filed for bankruptcy December 21, 2004, owing $96,663.55 while having $71,393,91 in assests, according to U. S. Bankruptcy Court records.
Among their debts:
-$4,395.31 to Aqua Finance for water treatment
-$35,441 to Chrysler Financial for a 2003 Dodge Dakota
-$4,230.60 to Non Teacher Credit Union for purchase of a boat
The Missouri Department of Revenue received judgments of $2,611.15 in 2013, $3,435.94 in 2016 and $581.72 in 2018 for unpaid taxes.
Judgments of $12,036.94 from Beneficial Financial Support and $2,712.46 from Tower Loan, both in 2014 were levied.
Online court records indicate the Paces have satisfied the judgments in both the tax and loan cases.
The Newton County Prosecuting Attorney's office filed the felony charge against Stewart Pace after he admitted to Newton County Sheriff's Office investigators that he had embezzled at least $15,000 from the youth organization.
From the probable cause statement:
I then interviewed Stewart Pace. I read Stewart his Miranda rights and he stated that he understood those rights. Stewart stated that he was out of work for a while and started using the football league's money to pay bills, fix his truck and it "Just got out of hand."Consider supporting the Turner Report, Inside Joplin and Inside Joplin Obituaries by taking a voluntary subscription or by making a contribution of any amount at the PayPal buttons below or by sending your subscription or contribution to Randy Turner, 2306 E. 8th, Apt. A, Joplin, MO 64801.
3 comments:
This Fraud Happens alot to Non-Profits and Government Agencies - Churches / PTA's / Cities / Counties / Etc.,- -
To all Non-Profits - - Anytime you put someone in Charge of any Money - - Make Sure they are Bonded (Surety Bond) and Insured - - If the Bonding Company will not accept them - based on their Financial History - DO NOT - ALLOW THEM TO HANDLE THE MONEY - - Always, have Two Individuals on all Bank Accounts (Preferably Not Related) - so their is Oversight and the Second Party can Audit and Review the Accounts too. There are just to many Temptations - for People today - - SO PROTECT YOUR NON-PROFITS... (Most Businesses Use Surety Bonds and Insurance to Protect themselves from Fraud - Why do you Think they Do that)?
What is a bond?
A surety bond (bond) is a binding contract that helps ensure financial obligations are met and/or provides coverage for certain damages if those obligations are not met. They are often issued to and held by people in fiduciary roles. As an example, a surety bond can help protect an organization if the bonded party mishandles funds, intentionally or unintentionally.
Several People Who Run - Non-Profits are Stealing from these Associations - -
Another Story from the Western District of Missouri -
St. Joseph Police Officer and His Wife Indicted for $99,000 Fraud Scheme Against Fraternal Order of Police
KANSAS CITY, Mo. – A St. Joseph, Mo., police officer and his wife were indicted by a federal grand jury today for a $99,000 wire fraud scheme in which they used debit cards from a local lodge of the Fraternal Order of Police, where they served as officers, for spending on personal items. Read Article in Link - -
https://www.justice.gov/usao-wdmo/pr/st-joseph-police-officer-and-his-wife-indicted-99000-fraud-scheme-against-fraternal
Read the Post Above and Make Sure your Non-Profit - is Bonded / Insured - and Administrated / Audited by more than One Person - - and Especially Not Related to Each Other...
Also didn’t the one whom blew the whistle also “borrow” from the fund? You do NOT borrow from a non profit organization, I am sure they will look into that person as well.
Post a Comment