The La Jolla Music Society has terminated its longtime CFO Chris Benavides after discovering losses of around $ 113,000 that the organization claims to have used for personal expenses.
The 53-year-old nonprofit launched an internal investigation and filed a report with the Department of police from San Diego. The spokesperson for the policeScott Lockwood confirmed to the Union-Tribune on Tuesday that a report had been filed and that the department’s economic crimes unit had been notified.
After completing its investigation, the unit will present any evidence it has gathered to the San Diego County District Attorney’s office. The office will determine whether to lay charges.
“An event like this is unprecedented here at La Jolla Music Society, to my knowledge,” said the organization’s new CEO and President Todd R. Schultz, who took office on January 4.
The company has not yet decided whether it will take civil action against Benavides. The decision will be made, Schultz said, after a thorough forensic audit is completed to “determine the full extent of the business” of Benavides ahead of his firing on February 26.
Benavides did not respond to Union-Tribune phone calls or emails. The acts he is accused of committing stunned his colleagues at the company, where he was the trusted CFO for the past 15 years and received a positive job performance review in October.
“It is difficult to set up …
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