Rapid City Woman Charged with Embezzling Over $120,000 from Club for Boys

Rapid City Woman Charged with Embezzling Over $120,000 from Club for Boys

A Rapid City woman has been charged with embezzling over $120,000 from the Rapid City Club for Boys, a non-profit organization that supports local youth.

Olivia Kuehner, 48, was charged with 20 counts of Wire Fraud and 5 counts of Money Laundering in federal district court on January 23, 2018. She appeared before U.S. Magistrate Judge Daneta Wollmann on January 26, 2018, and pleaded not guilty to the charges.

The indictment alleges that Kuehner, who was employed as the accounting manager for the Club for Boys between September 2012 and June 2017, devised a scheme to defraud the Club for Boys of more than $120,000. She allegedly embezzled money by making fraudulent payments to herself, family members, and a nominee entity she controlled, and then omitted the fraudulent payments from the Club for Boys’ accounting records or misclassified the payments to make it appear vendors or other employees had been paid.

After receiving the fraudulently obtained funds, Kuehner transferred a portion of the funds to other bank accounts she controlled in order to conceal the nature, source and ownership of the embezzled proceeds. The charges carry a maximum penalty of 20 years of imprisonment and/or a $250,000 fine, 3 years of supervised release, and a $100 assessment to the Federal Crime Victims Fund. Restitution may also be ordered.

The investigation is being conducted by the Internal Revenue Service Criminal Investigation, the Federal Bureau of Investigation, and Rapid City Police Department. Assistant United States Attorney Benjamin Patterson is prosecuting the case.

Kuehner was detained pending a hearing on Monday, January 29, 2017. A trial date has not been set.

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