Chamber bank card used for $270K in cash withdrawals over 30 months
| By Josh Newton, Tahlequah Daily Press, Okla. | |
| McClatchy-Tribune Information Services |
Since
The card was used at casinos around 110 times in 2012, 150 times in 2013, and 70 times in the first six months of 2014. Withdrawals at gaming facilities rarely occurred in amounts smaller than
Records for some days show a combination of withdrawals and purchases. For instance, on
That pattern continued through mid-June of this year, when the embezzlement allegations were made public. Multiple uses of the card were noted on several days. For example, on
Bank statements also show chamber funds were often used at the
In June, the Oklahoma State Bureau of
The state's
While several of the members who sit on the chamber's board of directors have said they were "duped" by a former chamber employee they trusted, they have otherwise chosen not to publicly explain how funds were frittered away so quickly without their knowledge.
Board members often cite the ongoing investigation and say they fear speaking on the record. They have allowed the
Board President
Also on Friday, Chamber Board Treasurer
Young has previously said only one person -- former chamber Executive Director
He has also suggested board members weren't aware the check card existed. However, a source speaking on background said "other people" may have known of the card's existence. The source did not say whether the "people" are board members.
Statements show the chamber's account had a negative balance several times over the past 30 months.
Bank records also suggest chamber money was used to pay for the Daily Racing Form, a publication that highlights race horses, and Winning Ponies, which provides horse-racing tips and handicapping picks; to pay large restaurant tickets and bar tabs throughout
Board members have indicated they believe some expenses listed among the statements were likely legitimate, including some costs associated with trips and events for Leadership Tahlequah classes.
___
(c)2014 the Tahlequah Daily Press (Tahlequah, Okla.)
Visit the Tahlequah Daily Press (Tahlequah, Okla.) at www.tahlequahdailypress.com
Distributed by MCT Information Services
| Wordcount: | 717 |


BRIEF: Retired judge’s insurance company not on hook for losses in land deal
New York Motor Vehicle Accident Lawyer Adnan Munawar Comments Deadly Staten Island Car Crash
Advisor News
- House panel advances CLEAR Forms Act backed by IRI
- Modifying life insurance based on evolving needs
- Gen X faces ‘pension envy’ as they head into retirement
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
More Advisor NewsAnnuity News
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity NewsHealth/Employee Benefits News
Life Insurance News