Thursday, October 7, 2010
Michigan Man Accused Of Embezzling More Than $100K From Soccer Club
Brian Patrick Molloy, 38, of Farmington Hills, Michigan has been arrested and charged with embezzling more than $100,000 from the Livonia City Soccer Club where he had served as co-treasurer. According to authorities, Molloy is suspected of transferring funds out of the club's accounts for his own benefit, either by making physical withdrawals or electronic transfers into his own accounts. It is believed that the thefts began after Livonia City Soccer Club merged with the Livonia Meteors Soccer Club in mid-2008 and have continued for the past two years.
Update (1/9/11): Molloy pleaded guilty to one count of embezzlement of more than $20,000. As part of his plea agreement, Molloy paid $87,000 in restitution to the Livonia City Soccer Club. According to reports, the embezzlement was discovered when club officials found suspicious activity involving bank accounts, discovered as part of a routine examination of club bank statements.