Rosemount athletic association official charged with stealing more than $113,000
HASTINGS, Minn. -- The longtime finance director for a youth sports organization has been charged with five counts of felony theft for allegedly stealing $113,532 from the Rosemount Area Athletic Association between 2011 and 2013.
Robert Reischauer, 62, of Apple Valley, handled finances for the organization for 27 years.
The group notified Rosemount police last September after noticing that $75,000 was missing. According to a complaint filed in the Dakota County Attorney’s Office, the group was in the process of changing finance managers after noticing several small accounting errors. It had asked Reischauer for the books as part of that transition.
Reischauer was reluctant to turn over the books, the report states, but eventually provided them.
An initial review of those books showed that Reischauer had written several checks to himself and created PayPal accounts in his name.
After police recovered additional records in a search of Reischauer’s home, they found more evidence of transactions that had been removed from the books.