Board member embezzles $300K from cancer care group, Palm Bay police say
Updated On: Apr 10 2013 06:07:51 AM EDT
A 45-year-old board member of a Central Florida cancer care group has been arrested on Tuesday after detectives say she embezzled $300,000 from the group.
Mary Snyder has been charged with scheming to defraud and grand theft after an investigation found she embezzled money from the Oncology Managers of Florida, of which she was a board member of for eight years.
Investigators said the president filed a police report in March after discrepancies were found in the OMF bank account, where $42,435 in funds were electronically transferred in small amounts to Snyder's bank cards.
OMF's board of directors fired Snyder and decided to press charges against her. Further investigation found that she had been embezzling money since July 2006.
OMF is estimating their total financial loss to be nearly $300,000, according to the report.
“The electronic trail of evidence shows payments to Synder’s multiple credit card accounts,” said Detective Mark Fell in a release. “Ms. Snyder was the only person that had access to the password protected OMF bank account.”
She will be held in jail on $500,000 bond.