El Dorado County man sentenced for embezzling from Lions Education Foundation
01/30/2014 6:35 PM
01/30/2014 6:36 PM
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 Attorney’s 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 Sheriff’s Department and the DA’s office, detectives discovered a hidden account that Maloney reportedly used to conceal the illegal activity from the nonprofit organization.
According to the Lions Education Foundation’s website, the organization’s budget is allocated to youth and education, with no administrative costs and 100 percent of all monies going directly to support youth programs.
Sacto 911 StaffBill Lindelof
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