Sue Ann Frank, the CEO of the Summit Association of Realtors who was arrested on charges of embezzling $415,000, is scheduled for a Feb. 4 court appearance.
Frank was charged with felony theft and forgery by the Dillon Police Department last week. According to the arrest affidavit, Frank stole more than $415,000 from the association, a nonprofit she has led for nearly 20 years, by forging checks and making unauthorized fund transfers.
Frank declined to comment on the charges. She was hired to lead the association in 1996. At the time, she was touted as a reformer who would clean up an organization that had recently fired a CEO caught embezzling funds.
Frank was lauded for her efforts to clean up messy financial records and fix a dysfunctional billing system
However, on Tuesday, Andrew Biggin, a member of the Summit Association of Realtors board of directors and a past association president, told police he had recently discovered Frank had forged his signature on three checks totaling $232,000.
Frank was booked into Summit County Jail on Tuesday. She bonded out later that evening. The bond had been set at $15,000 and stipulated that she not leave the state.
