A Columbia man has been arrested for allegedly stealing more than $44,000 from the nonprofit organization where he served as executive director. Darrel President Sr., 56, faces serious charges after the South Carolina Law Enforcement Division (SLED) reported that he misappropriated funds intended for community development.
Key Takeaways
- Darrel President Sr. charged with breach of trust with fraudulent intent.
- Allegedly stole approximately $44,220 from Greenbrier Resource Community Development Center.
- Funds were misappropriated between May 2023 and February 2024.
- President was an authorized signer on the nonprofit’s bank account.
- If convicted, he faces a maximum of 10 years in prison.
Details of the Allegations
According to SLED, President is accused of withdrawing funds from the Greenbrier Resource Community Development Center without the knowledge or approval of the board members. The money was taken after the nonprofit received $100,000 in state-funded grants aimed at building a community center in Fairfield County.
The arrest warrant states that President acted without lawful authority, converting the funds for his personal use. The total amount misappropriated is reported to be approximately $44,220.
Timeline of Events
- May 19, 2023: Alleged theft begins.
- February 29, 2024: Alleged theft ends.
- October 16, 2024: President is charged with breach of trust.
Admission and Repayment
When confronted by the board members of the nonprofit, President reportedly admitted to withdrawing the funds and expressed willingness to repay the stolen amount. According to the affidavit, he began making payments back for the funds in June 2024.
Legal Proceedings
President has been booked into the Fairfield County Detention Center, although details regarding his bond remain unclear. He will be prosecuted by the 6th Circuit Solicitor’s Office. If found guilty of the felony charge, he could face a maximum sentence of 10 years in prison.
Background Information
This incident marks a significant breach of trust, especially considering President’s previous attempts to engage in public service. He ran unsuccessfully for a seat on the Richland 2 school board in both 2018 and 2022. The community is now left to grapple with the implications of this betrayal, particularly as the nonprofit aimed to serve local needs through its development projects.
As the case unfolds, further updates are expected, shedding light on the full extent of the situation and the community’s response to this troubling event.
Sources
- Columbia, SC man took money from nonprofit where he worked | The State, The State.
- SC man stole more than $44,000 from nonprofit and spent it on himself, SLED says, Yahoo.
- Columbia, SC man took money from nonprofit where he worked | Hilton Head Island Packet, Hilton Head Island Packet.
- Columbia, SC man took money from nonprofit where he worked | Myrtle Beach Sun News, Myrtle Beach Sun News.
- SC man stole more than $44,000 from nonprofit and spent it on himself, SLED says, AOL.com.
