Former president of Lake Zurich Lacrosse Club behind bars after police says he withdrew club funds for personal use
James C. Sherer, 55, of the 00 block of Lakebreeze Court in Lake Zurich, faces felony charges of theft, money laundering and continuing financial crimes enterprise.Lake Zurich police officials said during his tenure as president, from August 1, 2020 through November 7, 2022, Sherer withdrew funds from the club's bank account for personal use. Police didn't say whether investigators had determined the amount of money he's accused of illegally taking.
Newly appointed board members identified the unauthorized withdrawals and altered authorities in January 2023, police said.Following a monthslong police investigation, the Lake County State's Attorney's Office approved a warrant for Sherer's arrest on Monday. He was taken into custody during a traffic stop in Lake Zurich on Tuesday, police said.
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