Former SC homeless ministry official stole $440,000, feds say

Wednesday, April 23, 2014 8:29 AM
Last updated 8:41 PM
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CHARLESTON, S.C. — A former official with a homeless ministry in Charleston has been arrested and accused of embezzling more than $440,000.

Fifty-six-year-old Carol Libby of Mount Pleasant is accused of taking the money from Crisis Ministry between 2006 and 2013.

The former chief financial officer of the ministry has been charged in federal court with five counts of wire fraud.

Libby was fired last June after she was arrested by Charleston police and charged with breach of trust. She had worked for the organization for 10 years.

Officials thought last summer she had taken about $96,000.

Executive Director Stacey Denaux says the organization has recovered about half of the amount that was taken. Donors have offered $150,000 and insurance has paid $50,000. Denaux says Libby has repaid $52,000.

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Little Lamb
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Little Lamb 04/23/14 - 08:50 am
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Wow!

From the amounts listed in the last two paragraphs, it looks like this was a successful fundraising campaign!

rmwhitley
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rmwhitley 04/23/14 - 11:13 am
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And the
Unpublished

cashiers wonder why I say no to any donations at stores.

my.voice
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my.voice 04/23/14 - 04:48 pm
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I blame the charity for this

I blame the charity for this ultimately. Its very easy to put safeguards on funds. 7 years with no audit?

gargoyle
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gargoyle 04/23/14 - 06:15 pm
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Executive Director Stacey

Executive Director Stacey Denaux says the organization has recovered about half of the amount that was taken. Donors have offered $150,000 and insurance has paid $50,000. Denaux says Libby has repaid $52,000. Roundabout way of saying we got back 52k everybody else lost . More scrutiny and attention to detail on the front end would limit the looting on the back end. No charitable organization should have a person who can write and cash a check.

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