Former Brier-Terrace Soccer Club treasurer accused of embezzeling $76,000

Photo from the Terrace-Brier Soccer Club Web site

A 40-year-old Lynnwood woman is suspected of stealing $76,000 from a local soccer club.

The woman, whose name hasn’t been released, worked from home as the Terrace-Brier Soccer Club’s treasurer for three years. She was arrested the day after the the club’s president reported the theft to Lynnwood Police. She has been cooperating with investigators.

The club release the following statement on its Web site:

It is with great sadness that we have to announce that an incident has occurred within our soccer club. Recently, it came to our attention that the clubs bank account was overdrawn. An immediate investigation began by the executive board of the club. After a meeting with the Treasurer, the clubs records were retrieved and the Treasurer was immediately suspended and removed from the bank account. During a meeting with the bank manager it was discovered that a theft had occurred and the Executive Board then referred the matter to the police for further investigation.

As part of one of several meetings of the Executive Board a motion was made to remove the current Treasurer and fill the vacancy with the current club President and Director of Referees as interim co-Treasurers until such time the board determines that the position will be filled with a permanent Treasurer.

At this time, the clubs former Treasurer is cooperating with law enforcement officials. The full extent of the theft is not known at this time, but it is estimated that the loss is in excess of $75,000. The club does have insurance which may cover a portion of the theft and the former Treasurer has offered to make restitution. The police investigation is ongoing and the general membership will be updated accordingly.

Looking forward, we will be changing our internal policies/procedures to provide more oversight and control over the bank account and records of the club. As those changes are finalized, they will be presented to the general membership for a vote.

This is an unfortunate event that has occurred, but we look forward to a brighter future and successful operation of the club on behalf of the kids who benefit from the programs provided. While this means we are struggling financially we will work thru this and the club is planning to put on summer soccer camps and fall soccer program for the kids.

We appreciate your understanding and continued support of our club.

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