A former coach at Valencia High School, accused of misappropriation of public funds by a public officer, embezzlement by a public officer and grand theft by embezzlement, is scheduled to turn himself in at the Clara Shortridge Foltz Criminal Justice Center on Wednesday.
Superior Court Judge Henry Barela issued a felony arrest warrant for Jared Snyder last Thursday.
A seven-count felony complaint was filed against Snyder, who was varsity baseball coach at the school.
Parents of students at Valencia High School made an allegation of financial wrongdoing against Snyder in 2013. The allegations prompted an audit of the baseball program by the school district, and it was discovered that there was substantial evidence to suggest Snyder had been misappropriating funds, according to the Los Angeles County Sheriff’s Department.
In March, 2014, the sheriff’s Fraud & Cyber Crimes Bureau initiated an investigation based on the audit by the Hart School District. During the 10- month investigation, evidence was gathered showing Snyder was submitting fraudulent reimbursement forms to the high school, according to the Los Angeles County Sheriff’s Department.
It was also discovered that Snyder had opened a second bank account in the name of Valencia Diamond Club, unbeknownst to the district, with deposits coming from fundraisers and donations intended for the high school program, and that Snyder was making monthly payments to his own credit cards from that bank account according to the Los Angeles County Sheriff’s Department.,
There was $8,000 in fraudulent cash reimbursements and an additional $7,000 misdirected to Snyder’s personal credit cards, according to the Los Angeles County Sheriff’s Department.
It is also believed that the loss exceeds what were listed in the complaint, according to the Los Angeles County Sheriff’s Department.
— City News Service