Crisis Ministries employee accused of embezzling $11,000

CHARLESTON, S.C. (WCIV) -- The chief financial officer at Crisis Ministries was accused on Monday of embezzling more than $11,000.

According to a police report, CEO Stacy Denaux accused CFO Carol Libby of depositing checks totaling more than $11,000 meant for organizations that work with Crisis Ministries into her personal account.

All of the checks were made out to other businesses, not the employee, according to the report.

Denaux said that the earliest fraudulent act dated back nearly a year.

Libby was suspended on Monday{}without pay, pending the investigation's outcome.{}

In a{}statement, the organization said it is working closely with the City of Charleston Police Department.

"Crisis Ministries was deeply distressed to discover last Thursday via a call from their bank, Wells Fargo, that the organization had been the unknowing victim of an apparent embezzlement at the hands of a long time employee, Carol Libby, who served as chief financial officer for 10 years, without incident."

Police say no arrests have been made in the case.

The shelter has hired an outside law firm to dig through their records. According to spokesperson Elizabeth Boineau, Dixon Hughes Goodman, LLP is doing an "exhaustive investigation" and "will go back as far as they feel the need to go."

Boineau also says the organization is working to engage an interim CFO/controller, an independent outside contractor.