Football and baseball players and wrestlers at the Kingswood Athletic Association got new scholarships and updated equipment this year after the leagues got an infusion of $38,000.
But that wasn't a bonus. The funding came from restitution that the organization's former treasurer paid after he was caught taking money.
“We're just happy to move on,” said Jeff Rodis, chairman of the Kingswood executive board.
Michael J. Breault, a former bank vice president, pleaded guilty to bank fraud and will spend 16 months in prison.
Breault also had to pay back $206,000 to Charter West Bank, where he worked.
Prosecutors said Breault obtained $600,000 in fraudulent loans from the bank by forging signatures on applications. They say he then used money from third parties, including the Kingswood Athletic Association, to make payments on the loans.
The Kingswood Athletic Association has created safeguards such as third-party audits to prevent thefts from happening again, Rodis said. It also has changed banks.
Rodis said Breault was the longtime treasurer for the all-volunteer organization, which has been around for 41 years. Rodis isn't sure when Breault began the scheme.
“Did we get all of our money back? Who knows,” Rodis said.
Jo Breault, Michael Breault's mother, said her son has paid back all the money, and he realizes he made a mistake.
“He's paid his dues, he really has,” she said. “He's a good man, and we really feel terrible about this whole thing.”
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