Accountant Charged With Embezzling ACOG Funds
Jul. 04, 1996
ATLANTA (AP) _ An accountant with the Atlanta Committee for the Olympic Games has been charged with embezzling thousands of dollars, which he allegedly used to buy a second-hand Mercedes-Benz and a certificate of deposit.
Police said Stevie R. Council, 29, of Atlanta is charged with one count of theft by taking. A police report said he allegedly wrote about $60,000 in ACOG checks and deposited them in a bogus bank account, The Atlanta Journal-Constitution said in today's editions.
``We have discovered there are additional losses _ substantial losses,'' said Deputy Chief C.B. Jackson. ``We don't have a total amount of money yet, but we're still looking into it.''
Dick Yarbrough, ACOG's managing director of communications, said ACOG security discovered the thefts and called police June 28. The loss is insured and an audit is continuing, he said.
``We feel confident that the audit systems are in place and people are working very hard and ethically,'' Yarbrough said.
Police said Council, a Brown University honor graduate, allegedly wrote invoices under the company names of International Protection Consulting Inc., and Languages Services Inc., which have contracts with ACOG. He allegedly deposited $44,500 into an account he opened under the name of International Protection Consulting and Language Services, police said.
Police said that when he was arrested, Council told them of the account at First Southern Bank with which he had bought a 1990 Mercedes and a $12,000 certificate of deposit.