Tuesday, March 4, 2014

Former Municipal Treasurer In California Charged With Embezzling $212K From Non-profit - Returns Money Before Arrest

From the San Diego Union-Tribune on 3/3/14:

Former Carlsbad city treasurer James Comstock allegedly stole more than $212,000 from a nonprofit arts group where he volunteered, but returned the money before his arrest in December, a county prosecutor said Monday.

The new details in the case emerged this week after state officials announced Comstock has been barred from practicing accounting until the criminal charges against him are resolved. A preliminary hearing has been set for April 30, Deputy District Attorney Bill Mitchell said.
Comstock has been charged with two felony counts of grand theft of personal property and two felony counts of embezzlement. He was released on $120,000 bail shortly after his Dec. 18 arrest, Mitchell said.
The charges against Comstock are unrelated to his work as city treasurer, a job he held from late 2010 until he resigned in early 2013. The charges are related to accounting he did for Carlsbad’s ArtSplash education nonprofit, which holds an annual two-day fundraiser for local schools each fall.
Read the whole story here.

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