A Russell Springs man was federally indicted on two counts of wire fraud related to allegations that he defrauded a local non-profit.
According to the U.S. Attorney’s Office, 56-year-old Charles Davis was working as the treasurer for the Russell County Arts Council when he allegedly deposited more than $116,000 of arts council funds into his personal bank account and used those funds to pay personal credit cards.
Davis is also accused of defrauding ArtWorks in Jamestown by using PayPal to transfer more than $224,000 out of the ArtWorks fund into his personal bank account.
Davis made his initial court appearance yesterday before a U.S. Magistrate Judge in the U.S. District Court for the Middle District of Florida. If convicted, Davis faces a maximum sentence of 40 years in prison.
Davis was indicted Dec. 14, but the indictment was sealed this week until he was arrested in Florida. He was released under a $45,000 bond, according to the court record.
The FBI’s Bowling Green Resident Agency is investigating the case.
WJRS News would like to remind our readers an indictment is a legal accusation. It does not imply guilt or innocence.
