PHOENIX — An office manager has been indicted for stealing more than
$500,000 from an Arizona scholarship program that assists needy students,
Goodyear police said Friday.
Marion Holmes, 60, was accused by a grand jury in Maricopa County Superior
Court of 35 counts involving fraud, theft, forgery and other offenses, police
spokeswoman Lisa Kutis said.
Holmes allegedly misappropriated at least $529,000 from the Arizona School
Choice Trust for personal use, Kutis said. A majority of that money was funneled
into a bank account Holmes had for her printing business, according to the
Kutis said she did not know if Holmes, who lives in Goodyear, had an attorney.
A message left at a number listed for Holmes was not immediately returned
The Arizona School Choice Trust is a school-tuition organization approved by
the state that helps children from low-income backgrounds attend private schools
of their choosing.
The trust doles out funds through three state tax-credit scholarship programs.
Trust Executive Director Elizabeth Dreckman said Holmes was hired as a
full-time office manager and consultant six years ago. She got along with
colleagues and gave no reason for people not to trust her, Dreckman said.
But in May 2013, Dreckman discovered missing funds. She and board members
reported it to Goodyear police.
A subsequent investigation led police to Holmes. She was arrested June 2013 and
fired immediately, Dreckman said. The entire organization was shocked by the
discovery, she said.
“It’s very disheartening when someone takes advantage _ especially of an
organization that helps children,” Dreckman said. “I’m very thankful we
discovered this problem, and the authorities have been absolutely wonderful in
helping us to recover the funds so our families are made whole.”
Holmes’ alleged crimes date back to May 2010 when she purportedly used a
company credit card to spend more than $34,000 for herself, according to court
documents. Other allegations include making thousands of dollars in wire
transfers and check deposits into the bank account of her printing business. She
also is accused of forging checks in the name of the trust’s executive director.
“She needs to go to jail,” said Dreckman.
In all, Holmes is facing 18 counts of theft, 13 counts of forgery and one count
each of fraudulent schemes and artifices, fraudulent use of a credit card, money
laundering and receipt of anything of value obtained by fraudulent use of a
Holmes’ theft should not affect the amount of money the program can give,
Dreckman said. The trust expects to fund scholarships for more children this
year than last year, she said.
The trust also is taking multiple legal actions to recover the stolen money,
“We take very seriously helping as many families as we can,” she said. “We
are continuing to do that in spite of this.”
KTAR’s Sandra Haros contributed to this report.