HOT SPRINGS — A Hot Springs woman is charged with a felony after being accused of transferring nearly $30,000 in funds to her private bank account while serving as treasurer of a property owner’s association.
Sara Delaine McQuilliams, 68, who lists a Belvedere Drive address, was taken into custody around 9 a.m. Thursday and charged with theft of property, a felony punishable by up to 20 years in prison. She later was released on $5,000 bond.
According to an affidavit, the president of the Belvedere Property Owners Association filed a report June 15 with Hot Springs police accusing Mc-Quilliams of stealing several thousand dollars from the organization’s bank account.
The president said Mc-Quilliams was appointed treasurer in February 2015. Officers were told she began fraudulently transferring money from the organization’s account to her personal bank account.
McQuilliams’ bank statements from February 2015 to May 2016 showed $29,160 had been transferred from the association’s account to her personal account, according to the affidavit.
The president said “under no circumstances” was McQuilliams allowed to transfer money from the group’s account to her own account. The president also provided an audio recording in which McQuilliams can reportedly be heard admitting to stealing the money, according to the affidavit.