Former Springboro youth sports group treasurer held on $750,000 bond

The former treasurer of the Springboro Clearcreek Baseball Association was back in the Warren County Jail on Wednesday, officials said.

Renee K. Nichols, 46, was being held in lieu of $750,000 bond after her arraignment in Warren County Common Pleas Court, according to court records.

RELATED: Embezzlement case another example of hazards of internal theft for non-profits

Nichols is accused of embezzlement of $180,000 from the group between 2011 and 2017, while she was its treasurer.

The group’s troubles first came to light a year ago when a new board member, who is also a Certified Public Accountant, began looking into the organization’s finances and discovered no Form 990 had been filed with the IRS, outlining the group’s financial status, Warren County Prosecutor David Fornshell said in his press release. Failing to file jeopardized the group’s tax-exempt status.

The IRS revoked the association’s non-profit tax exemption on May 15, 2017. A revocation was posted three months later, on Aug. 15, 2017, according to an IRS online database.

No reinstatement date was listed.

RELATED: Woman accused of embezzling $180K from youth sports group gets jail furlough

Nichols was booked into the jail in Lebanon on Monday after her indictment on charges of aggravated theft and tampering with records. She was furloughed for medical reasons, according to court records.

Jail officials said Nichols was back behind bars on Wednesday after her arraignment.

Magistrate Andrew Hasselbach set Nichols’ bond and her medical release was modified, according to court records.

No lawyer had been appointed or retained to represent Nichols, according to court records.

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