An El Dorado County man who formerly served as treasurer of the Lions Education Foundation has been sentenced to two years in prison for embezzlement.
Kent Maloney pleaded guilty to embezzling more than $200,000 from the nonprofit entity, which is associated with the Lions Club International, according to the El Dorado County District Attorneys Office. Maloney was sentenced Wednesday in El Dorado County Superior Court and remanded into custody immediately after sentencing.
Maloney, 70, of Diamond Springs was arrested in March 2013, accused of embezzling money from the Lions Education Foundation over a period of seven years. During an investigation by the El Dorado County Sheriffs Department and the DAs office, detectives discovered a hidden account that Maloney reportedly used to conceal the illegal activity from the nonprofit organization.
According to the Lions Education Foundations website, the organizations budget is allocated to youth and education, with no administrative costs and 100 percent of all monies going directly to support youth programs.
Call The Bees Cathy Locke, (916) 321-5287.