Tuesday, February 17, 2009

Youth Hockey Club in the US Missing about $1 Million

About $1 million is missing from Ann Arbor Amateur Hockey Association, a youth hokey club in the United States. Police is investigating the matter and suspecting a bookkeeper on this finance fraud. Chelsea’s Kimberly Knight was brought to 14A District Court in Washtenaw County this month. Police investigation carried out by Pittsfield Township has found out more than $900,000 was missing between 2005 and 2007. The amount was allotted for long-term hickey project, but it has been reported that the regular operations of the youth hockey club has not been affected by the missing money.

This is really unfortunate to see such mismanagement in the youth hockey club. US economy is already stumbling as the economic recession is getting worsened day by day. It would really very hard for the club to look out for new investment to carry out a long-term project for the development of hockey.

Related article:

Chicagotribune

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