Longtime employee charged with stealing from Saratoga Convention & Tourism Bureau
December 21, 2017 05:26 PM
SARATOGA SPRINGS - A woman trusted with overseeing money for the Saratoga Convention & Tourism Bureau is now in trouble with the law, charged with grand larceny.
Kathryn Price, 57, sat quietly in Saratoga Springs City Court on Thursday morning. It was a far different seat than the one she held as a bookkeeper and office manager with the Saratoga Convention & Tourism Bureau, also known as "Discover Saratoga."
Police charge her with grand larceny for allegedly skimming more than $50,000 from the organization for the past couple of years. Police say that from Dec. 18, 2015 to Oct. 27, 2017, she committed fraud, depositing money into her own personal bank account.
Price worked for nearly 30 years at the agency at all levels including with the president and the Board of Directors.
She pled not guilty before Judge Jeffrey Wait, posted $5,000 cash bail and is due back in court in a month.
Price was honored back in 2013 for 25 years of service. At the time, President Todd Garafano said, "She has been a tremendous asset to the Convention and Tourism Bureau team and our local community,” and that, "She is an integral part of our organization."
Price turned herself into police Thursday morning, was fingerprinted and then arraigned.
She did not say anything when leaving court.
The Saratoga Convention & Tourism Bureau released the following statement:
"On Friday, October 27, executive management at the Saratoga Convention & Tourism Bureau identified potential discrepancies in its financial records. Upon an internal investigation, the irregularities were traced to the alleged activities of a long-term employee of the organization.
Upon discovering these irregularities, the Bureau immediately contacted the Saratoga Springs Police Department, which opened an investigation and subsequently referred the case to the Saratoga County District Attorney’s Office and the New York State Police Financial Crimes Unit.
Based on preliminary findings, the employee was terminated.
The Saratoga Convention & Tourism Bureau takes its fiduciary responsibilities very seriously. The Bureau is pursuing a comprehensive review of its accounting practices and has retained the services of an independent accounting firm to conduct an audit of its finances. The Bureau is committed to maintaining the trust of its members and stakeholders in the community."
Updated: December 21, 2017 05:26 PM
Created: December 21, 2017 12:38 PM
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