Centro San Antonio Staffer Under Investigation For Embezzlement; Longtime CEO Resigns
The board of directors of Centro San Antonio, which is a public-private partnership that oversees downtown development, announced Wednesday it has accepted DiGiovanni’s resignation following the “discovery of a fraudulent 2015-16 audit of the organization and its Public Improvement District, as well as monies that had been embezzled by a staff accountant.”
The accountant was not named in the release. But Don Frost, board chairman, said in the statement DiGiovanni “had absolutely nothing to do with the financial indiscretions.”
“The board and he both felt his resignation was in the best interest of Centro San Antonio," Frost said.
According to Frost, the fraud was discovered after meeting with an accounting firm said to have been contracted to conduct the audit.
“When it became apparent the accounting firm had not been associated with the audit, an investigation was immediately launched,” the statement read.
-snip-
According to the release, roughly $175,000 had been embezzled over a two-year period. The San Antonio Police Department confirmed a criminal investigation has been launched but no arrests have been made.
Read more: http://tpr.org/post/centro-san-antonio-staffer-under-investigation-embezzlement-longtime-ceo-resigns
