Latino Nonprofit Shutters After Director Embezzles $400K to Gamble


Posted on: Could 17, 2022, 03:41h. 

Final up to date on: Could 17, 2022, 03:41h.

A Latino nonprofit in Ohio has closed its doorways after the group’s now-former govt director reportedly admitted to embezzling funds to cowl her playing behavior.

Ohio Latino nonprofit embezzle Toledo Hollywood
Sabina Serratos, the previous govt director of Adelante, The Latino Useful resource Heart, throughout a Zoom interview in 2020. Serratos is accused of stealing greater than $400,000 from the charity to gamble. (Picture: CBS11)

Toledo’s The Blade stories that Sabina Serratos is the topic of a legal grievance lately filed with the Toledo Police Division. Serratos served as the chief director of Adelante, The Latino Useful resource Heart till her dismissal earlier this 12 months.

Serratos’ termination got here after board members have been knowledgeable of potential fraud stemming from an audit of the group’s funds carried out by a 3rd get together. Adelante Chairman Daniel Briones filed the grievance with police on April 29.

Briones says the audit found that greater than $400,000 went lacking. Auditors linked the lacking cash again to Serratos and fraudulent enterprise receipts.

Based in 1990, Adelante is a Latino social providers company and advocacy that gives help, training, and outreach to the area people in Northwest Ohio. Amongst its initiatives are combatting meals insecurity, language limitations, and unemployment.

Guilt Reportedly Admitted

Serratos was appointed govt director of Adelante in 2018. In that position, she reportedly had entry to the group’s banking accounts and credit score and debit playing cards. However as an alternative of solely utilizing that cash for the group, which primarily comes from the state and county, in addition to personal donors, Serratos allegedly used the nonprofit as her private piggy financial institution.

The Adelante board advised ABC13 that Serratos ultimately admitted to stealing cash to cowl her lavish playing journeys. She patronaged casinos in Las Vegas and Detroit, however a lot of the cash was spent playing at Hollywood On line casino Toledo.

Auditors imagine Serratos gambled away almost $340,000 of Adelante’s cash on the Toledo on line casino. The majority of the bills have been incurred in April, August, and November of 2021.

The monetary probe moreover turned up unexplainable ATM withdrawals and transactions utilizing Adelante playing cards totaling $25,445. A mortgage for $49,900 from KeyBank was additionally authorised for the group, however auditors say that cash additionally went to the casinos.

The auditor report discovered potential impropriety they usually introduced it to our consideration. We’re reacting to info that was given to us,” Briones advised The Blade.

“Our foremost purpose is to file a police report as a result of that’s what our insurance coverage requires. So far as the investigation goes, that’s out of our fingers,” he added.

Briones stated all fundraising efforts have been suspended, and the Adelante facility is closed. Adelante is endowed by the Ohio Division of Psychological Well being and Habit Providers and Lucas County Board of Psychological Well being and Restoration Providers.

Latino Tradition Potential Wrongdoer

Throughout an April 2020 interview with CBS11, Serratos pressured the struggles that the Latino and Hispanic communities have been struggling amid the COVID-19 pandemic. The then-Adelante director stated language limitations and lots of neighborhood members being undocumented are complicating the power to obtain federal and state help.

Bear in mind, the Latino inhabitants is a really personal inhabitants. There’s a stigma with anyone reaching out for any sort of assist inside our tradition,” Serrato stated whereas encouraging anybody in have to name Adelante.

No legal costs have but been introduced towards Serratos. A petition is looking for the whole resignation of the Adelante board.

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