according to KOINTVAn Oregon man named Devon Horace was arrested and charged with stealing from a nonprofit organization. main street alberta That he once led.
The group was founded to promote Portland’s Alberta Street area as an “equitable” commercial district, according to its website. The organization “seeks to understand and address the historical legacy of systemic racism and inequality in order to improve its success and fulfill its mission…Alberta Main Street… “We are committed to being a leader and catalyst for equity and inclusion.” within the community. ”
Police announced that Horace, 31, pleaded not guilty Wednesday to multiple charges of theft and falsifying business records in what they say was a scheme to defraud the organization of at least $100,000. Horace, who previously worked for both Nike and the Portland Trail Blazers, reportedly persuaded both companies to donate to the new charity. But instead of depositing the funds, police allege, Horace hid donations from the nonprofit, diverted the funds to himself, and later falsified records shown to the organization’s treasurer. ing.
The Multnomah County District Attorney’s Office alleges that Horace withdrew thousands of dollars from the charity’s bank account “without any legitimate business purpose.”
Prosecutors also argued that the full extent of Mr. Horace’s misconduct may not yet be known. “Given the modus operandi and scope of the fraud, and how quickly the defendant spent the money he earned in this case, the state believes he further victimized other community members and committed the fraud,” according to the DA’s office. We are concerned that there may be.”
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