Accountant Charged With Stealing $235,000 From Duluth Chamber
DULUTH, Minn. – The Duluth Area Chamber of Commerce is seeking legal action against their former accountant who is accused of allegedly stealing more than $235,000 from the organization.
Court records show Jesse David Frye, 39, was charged with felony theft by swindle on Tuesday.
The Chamber says they identified “discrepancies in the bookkeeping and payroll records” in their 2018 Financial Review.
Due to those discrepancies, the Chamber requested the Duluth Police Department conduct an investigation into the financial operations performed by Frye.
According to the criminal complaint, Frye would often disguise the withdrawals by labeling them as “Payroll.”
Court records say Frye originally “offered implausible and incorrect excuses” when confronted about the missing funds, but later acknowledged the thefts via letter by offering a repayment schedule without “outside action.”
Frye is being held on a $5,000 bond with conditions or $50,000 without conditions.
He is due back in court on February 11.