Albany Woman Pleads Guilty to Stealing from Gambling Fund

This story was published more than 2 years ago.

This week a woman from Albany, New York pleaded guilty to stealing money from her work's gambling fund, initially lying about what had happened.

Sarah Schmidt pleaded guilty this week to two felony counts of theft by swindle. Schmidt was hired by the Holdingford Chamber of Commerce four years ago to manage the group's gambling account. Even though it's shocking that a company actually has a gambling account, its actually more shocking what happened. Schmidt admitted to stealing money from the fund, which brought in money from raffle drawings and other contests meant to fund the chamber.

She was under suspicion after the chamber's treasurer found a bunch of money missing from the bank account associated with the fund. When asked about the discrepancy Schmidt said that she had misplaced some of the money, but didn't know why there'd be such a large gap. She's believed to have stolen $35,000 between 2014 and 2016. It's unknown what the defendant did with the stolen money.

As a result of the plea deal Schmidt will have a third charge dropped. She's scheduled to be sentenced on January 12th.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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idEndro Nawawi
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15 November 2017 - 8:25am
#1

lol 😂 gambling addiction is very dangerous, gambling with your own money not to cause big problems

bgsharpe
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15 November 2017 - 9:06am
#2
Endro Nawawi wrote:

lol 😂 gambling addiction is very dangerous, gambling with your own money not to cause big problems

This is not funny Endro, people loosing control over their life's because of this, a serious matter not a joke.

Endro Nawawi

idEndro Nawawi
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15 November 2017 - 9:36am
#3

yep should I think like you 👍
in my country often happens as above, too often like seeing the news of corruption,self-control is the main thing in gambling, hopefully members of casinolostings do not experience it

sharpe

bgsharpe
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15 November 2017 - 9:49am
#4
Endro Nawawi wrote:

yep should I think like you 👍
in my country often happens as above, too often like seeing the news of corruption,self-control is the main thing in gambling, hopefully members of casinolostings do not experience it

Yeah hopefully, although it's inevitable for many of us if you're playing regularly...hope won't find my self steeling for gamble...not till now anyway.

idPharidodot
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15 November 2017 - 7:33pm
#5
sharpe wrote:

Yeah hopefully, although it's inevitable for many of us if you're playing regularly...hope won't find my self steeling for gamble...not till now anyway.

Magic word sharpe, ☕ , i think you is perfect guy at the world of gamble, many of us lossing control when we had madness, its too difficult .. but you have it, i believe you are good man

sharpe

idbossulo
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15 November 2017 - 9:33pm
#6

that's really ridiculous. Overwrite gambling with gambling.

bgsharpe
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17 November 2017 - 9:37am
#7
Pharidodot wrote:

Magic word sharpe, ☕ , i think you is perfect guy at the world of gamble, many of us lossing control when we had madness, its too difficult .. but you have it, i believe you are good man

Thanks man, I'm afraid I'm not that good and cool either 😉 pretty often loosing control myself while gambling.