Columbia Man Charged with Embezzling Over $44,000 from Local Nonprofit Organization

Columbia Man Arrested for Embezzling Funds from Nonprofit Organization

In a surprising turn of events, a man from Columbia has found himself in serious trouble with the law after allegedly stealing over $44,000 from a local nonprofit organization he once managed. Darrel President Sr., aged 56, has been charged with breach of trust with fraudulent intent, specifically for amounts exceeding $10,000, as confirmed by the South Carolina Law Enforcement Division (SLED).

The Background of the Case

Between May 19, 2023, and February 29, 2024, President reportedly withdrew funds from the Greenbrier Resource Community Development Center, a nonprofit organization aimed at community development. The arrested individual, who previously held the position of executive director, is accused of using these funds for his own personal enrichment, which has raised quite a few eyebrows.

According to the arrest warrant and affidavit provided by SLED, the total amount withdrawn came to approximately $44,220. This theft occurred after the nonprofit organization received a generous $100,000 state-funded grant intended to help build a community center in Fairfield County. President had access to the nonprofit’s bank account since he was an authorized signer, and the withdrawals were made without the knowledge or approval from the organization’s board members.

The Investigation and Confession

When board members confronted President about the missing funds, he admitted to the unauthorized withdrawals and even agreed to repay the money. The affidavit reveals that President began to make partial repayments in June 2024, but it is unclear whether all of the funds have been returned at this time.

While the specifics of what exactly President spent the money on remain under wraps, it is likely that the community will be left wondering how someone in a position of trust could misuse these funds meant for community betterment. Such incidents often lead to a loss of faith in charitable organizations, and the community’s trust is paramount for their continued success.

Legal Ramifications

President is now facing significant legal challenges, as he was booked into the Fairfield County Detention Center following his arrest. The specifics surrounding his bond have not been disclosed as of now. If convicted, he could face up to 10 years in prison based on South Carolina law. This is a serious charge, and the legal proceedings will surely draw at least some attention from the public, eager for updates on this unfolding story.

It’s worth noting that this is not President’s first brush with political ambitions. He previously ran for a seat on the Richland 2 school board in both 2018 and 2022 but was unsuccessful in those endeavors. The recent charges add an unexpected twist to his personal and professional narrative.

A Community in Shock

Local residents may be feeling a mix of disbelief and sadness knowing that a person who once held a trusted position in their community has allegedly committed such an act. The Greenbrier Resource Community Development Center was created to uplift and support local residents, and this incident raises questions about oversight and governance within nonprofits.

As this story evolves and more information becomes available, community members hope that any misappropriated funds can be recovered and that the integrity of their nonprofit organizations can be restored. It’s a reminder of the importance of transparency and accountability in all organizations, especially those that serve the greater good.