Woman embezzled $300K from cancer group, police say
PALM BAY, Fla. (WOFL FOX 35 ORLANDO) -
A Florida woman was arrested after detectives said they uncovered a trail of evidence that revealed hundreds of thousands of dollars in missing money from a cancer care group in which she served as treasurer.
Mary Elizabeth Snyder, 45, faces felony charges involving scheming to defraud and grand theft. Patrol officers picked her up on an arrest warrant Tuesday afternoon, which carries a $500,000 bond.
Last month, the president for Oncology Managers of Florida (OMF) filed a police report, alleging that there were discrepancies in the organization's bank account, specifically $42,435 in funds that had been electronically transferred in small amounts over a period of time from the OMF account to various bank cards.
"The electronic trail of evidence shows payments to Synder's multiple credit card accounts," said Detective Mark Fell with the Palm Bay Police Department. "Ms. Snyder was the only person that had access to the password protected OMF bank account."
As a result of the discovery, OMF's board of directors voted to terminate Synder from her position and move forward with criminal charges.
Investigators said they now believe that nearly $300,000 has been embezzled over the course of seven years; however, due to statute of limitations, Snyder can only be charged for acts that occurred between 2009 to the present. Detectives said that amount involves nearly $50,000.
Snyder was an OMF board member for approximately 8 years.