Thursday, April 22, 2021

New state charges bring total allegedly stolen from Berkeley school district to $1.1M


The corruption case against former Berkeley County School District Chief Financial Officer Brantley D. Thomas III expanded in scope this week.

The state grand jury issued a new indictment Wednesday, charging Thomas with 14 additional counts: 13 of embezzlement and one new count of forgery.

In all, Thomas faces state three indictments charging him with a total of 29 charges, 27 of embezzlement and two of forgery, the S.C. Attorney General’s Office said in a Friday news release.

- Advertisement -

The former CFO is alleged to have embezzled about $666,000 from the district, according to the Attorney General’s Office. It brings the amount Thomas is alleged to have stolen from the district to more than $1.1 million when taking both the state and federal cases against him into account.

Thomas started work at the district in 1993 and oversaw all of its finances, including a $260 million general fund. His $130,500 salary made him one of the district’s highest paid employees.

He was fired Feb. 7, 2017, after district officials learned of a probe into district finances by Wells Fargo and the FBI.

The stolen funds prompted district officials earlier this year to take cost-cutting actions, as well as add checks and balances to a CFO’s control over finances.

In March, officials reported that the district’s fund balance, a sort of rainy day savings account, had decreased by $8.8 million to $43.3 million.

- Advertisement -

While Thomas still faces state charges, he pleaded guilty in January in federal court to indictments charging him with one count of fraud and embezzlement from a federally funded program, nine counts of money laundering and 10 counts of “honest services wire fraud,” which involved receiving kickbacks for awarding insurance policy contracts to specific companies.


Get our daily notification on the latest financial crimes news around the World


- Affiliate Products -


This Week

Enable Notifications    OK No thanks