A former Lions Education Foundation treasurer was arrested Friday for alleged embezzlement.
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Kent Maloney, 69, was arrested for allegedly embezzling $275,000 over a seven-year period from the non-profit organization, associated with the Lions Club, a press release from the District Attorney’s Office stated. The foundation’s budget goes toward youths and education. There are no administrative expenses; all the money goes towards youth programs.
The case was investigated by the El Dorado County Sheriff’s Office, with assistance provided by the District Attorney’s Office. Detectives were able to uncover a hidden account, the press release stated, that Maloney used to hide his illegal activities from the organization.
Maloney is being held at the county jail on $250,000 bail.