Thursday, March 6, 2014

Symphony Executive Charged With Embezzlement

By Gary Snyder

The former executive director of the Los Altos-based Peninsula Symphony is facing felony charges for embezzling hundreds of thousands of dollars from the nonprofit organization, prosecutors said. He is  accused of taking at least $240,000.

Half-a-million dollars was discovered missing from the coffers of the 65-year-old symphony last September when a bank alerted a board member that its balance was unusually low.

One of the organization's endowments plunged from $227,000 to $375 and another from $195,000 to $395, prosecutors said. (source)

The executive is being held in county jail in lieu of $350,000 bail.



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