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NJ Youth Hockey Forum

Author Topic: Youth Hockey Club Treasurer and President Stole $57k In Funds  (Read 792 times)

Description:
A Medford woman has been arrested and is suspected of stealing $57,000 from a youth hockey organization, for which she served as a board member for three years.



Cara Ruettgers, 43, faces charges of second-degree theft, aggravated theft, identity theft and forgery. Police said in a news release that Ruettgers was charged on Wednesday, after an investigation into missing funds from the Rogue Valley Youth Hockey Association.

Police said between 2016 and 2019, Ruettgers served as treasurer and then president of the non-profit youth association. The Department of Justice helped the police department by investigating the organization’s accounts, and found that Ruettgers had stolen about $57,000 over three years. Ruettgers was lodged in the Jackson County jail following the investigation.

Guest

Reply #1:
 November 25, 2019, 01:48:11 PM
Not knowing the details - all I can say is in this day and age, how does any youth sports organization require anything less than a two-signature requirement on checks and other financial transactions? And how does an organization not fulfill it's annual audit requirement? Here is a link from a local university for BASIC INTERNAL CONTROLS THAT EVERY ALL VOLUNTEER ORGANIZATION (AVO) SHOULD HAVE and should follow:  https://www.misericordia.edu/page.cfm?p=1478


Guest

Reply #2:
 November 25, 2019, 02:37:42 PM
The board should be disbanded. Allowing a member to be both the treasuer and president is a recipe for disaster.

 

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