DIAMOND SPRINGS (CBS13) – A former Lions Club Education Fund Treasurer has been arrested for allegedly embezzling thousands of dollars from the fund.

Kent Maloney was arrested Friday on one count of embezzling $275,000 between 2005 and 2012 from the nonprofit organization, according to El Dorado County District Attorney Vern Pierson.

“That’s kind of shocking, somebody working in my building, that somebody here would do something like that,” said Katie Norwood.

Investigators say they learned of the allegations after someone at the nonprofit came forward last year.

The El Dorado County District Attorney’s Office says Maloney covered up the crime by using a hidden account.

We went by the suspect’s accounting office in Diamond Springs, but employees had little to say.

“I really don’t know what you are talking about,” one woman said. “I have no idea. We were not informed (of Maloney’s arrest).”

“It’s like ‘OK, somebody else now that’s doing something against the children’ and I think we should do our best to just try and get the money back from him,” said Vicki Bale.

Maloney is being held in the El Dorado County Jail in Placerville on $250,000 bail.

The club, which is located in Diamond Springs, is associated with Lions Club International.

Correction (3/15/13): A previous version of the story reported the suspect’s first name was Ken.


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