The head of the Montreat College Campus Police says a recent review of the college’s payroll turned up discrepancies that led to an embezzlement charge.
Campus Police on Thursday charged Tracy Anne Pace, 43, of Saluda, with embezzling $270,000 from the college, according to paperwork filed at the Buncombe County Magistrate’s Office.
Authorities allege Pace handled bookkeeping for Montreat and wrote checks payable to her account.
In an email, Scott Adams, director of Campus Police, said his department was notified Thursday by the college’s chief financial officer Geoffrey Bremer that a review of the college’s payroll “during the previous evening appeared to indicate several discrepancies relating to employee Tracy Anne Pace.”
“Based on the discrepancies in payroll records, which appear to possibly date back to 2010, and the statements made by Ms. Pace during an interview, the Campus Police department determined it would be moving forward with embezzlement charges,” Adams said in the email.
The college’s online directory identified Pace as director of payroll and benefits in theHuman Resources department.
Adams said Pace is no longer employed by the college. She was placed under a $130,000 bond and is scheduled for a Feb. 21 court date.
“Currently, additional information is unavailable in order to avoid compromising an ongoing investigation,” Adams said in the email
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