SARATOGA SPRINGS — A longtime bookkeeper of the Saratoga Convention and Tourism Bureau was charged Thursday morning with felony second-degree grand larceny.
The Saratoga Convention and Tourism Bureau filed a complaint in October alleging that Kathryn Price, 57, stole funds from several bank accounts, police said.
Initial investigations by Saratoga Springs police and the state police Financial Crimes Unit determined Price's thefts were extensive and dated back to early 2015.
Price is alleged to have forged checks drawn on Tourism Bureau accounts and used the money for her personal use.
Police estimate that close to 200 checks were forged, amounting to more than $220,000.
A statement issued by Albany-based Ed Lewi Associates on behalf of the bureau said executive management identified possible discrepancies in financial records on Oct. 27.
"Upon an internal investigation, the irregularities were traced to the alleged activities of a long-term employee of the organization," the marketing firm said in its prepared statement. "Upon discovering these irregularities, the bureau immediately contacted the Saratoga Springs Police Department, which opened an investigation and subsequently referred the case to the Saratoga County District Attorney’s Office and the New York State Police Financial Crimes Unit.
"The Saratoga Convention and Tourism Bureau takes its fiduciary responsibilities very seriously. The bureau is pursuing a comprehensive review of its accounting practices and has retained the services of an independent accounting firm to conduct an audit of its finances. The bureau is committed to maintaining the trust of its members and stakeholders in the community."
Price was terminated based on preliminary findings.
Police said an investigation into Price's earlier activities is ongoing, and more charges are possible.
Price was arraigned Thursday and was released on $5,000 bail.
Editor's note: This story was corrected at 3:30 p.m. on Dec. 21, 2017. An earlier version incorrectly categorized Ed Lewi Associates. The company is a marketing firm.