SPRINGBORO, Ohio (WDTN) – A Springboro woman who was charged with two felonies stemming from the embezzlement of funds from a baseball team pleaded guilty Monday to one of the felonies.
Renee Nichols, 46, pleaded guilty of aggravated theft for embezzling at least $180,000 from the bank account of the Springboro Clearcreek Baseball Association. She was also originally charged with tampering with records, a third-degree felony.
Nichols served as treasurer of SCBA from 2011 until 2017. From July 2013 through July 2017, she is alleged to have stolen at least $180,000 from SCBA’s bank account and to have used those funds for personal use, including a Disney vacation and personal credit card bills, among other expenditures.
She was caught in 2017 when a new board member who was a CPA and had experience in fraud investigations began looking into the organization’s finances and noticed that Nichols did not file SCBA’s Form 990 with the IRS, threatening its tax-exempt status.
When confronted, Nichols then doctored bank records to hide the nature of the expenditures.
Nichols will be sentenced on Oct. 23.Grab the FREE WDTN News App for iPhone or Android. Stay up to date with all the local news, weather and sports as well as live newscasts and events as they happen.