A Camden, Me., charity filed a civil lawsuit Friday accusing the former president of its board of stealing $3.8-million from the organization across more than a decade of his tenure, reports the Bangor Daily News. United Mid-Coast Charities claims Russell Brace deposited checks intended for the charity into bank accounts he controlled from December 2001 until he stepped down in August.
According to the suit, Mr. Brace acknowledged the long-running theft after being confronted last week by United Mid-Coast officials, who had checked his bank deposits after being unable to find any record in the charity's financial files of recent gifts by a major donor.
United Mid-Coast makes donations to dozens of social-service groups in two Maine counties. Mr. Brace, who served as the volunteer board chief for 17 years, did not return repeated calls for comment, according to the newspaper. He has not been charged with a crime, but the charity's new president said he has contacted law-enforcement authorities about the case.