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.