Former CFO Of Christian Charity Accused of Embezzling $100K

CARMEL, NY — The former chief financial officer of a Putnam County-based charity is accused of embezzling funds from the Christian organization. New York State police arrested David Eldredge on Monday and charged him with grand larceny.

Children's Bible Fellowship, based at 250 Nimham Road, works with youth and people of all ages with disabilities. According to its website, its mission field is New York City.

Police said investigators began an investigation into the possible embezzlement of funds from the CBF in July of 2017 after officials at the nonprofit discovered and reported the larceny.

Police allege that during Eldredge’s approximately 12-year tenure as the Chief Financial Officer, he stole more than $100,000. The funds were redirected to pay for Eldridge’s personnel expenses.

Additional charges are possible as the investigation continues, police said.

Eldredge, 54, of Redgranite, Wisconsin, was arraigned for Grand Larceny in the 2nd degree, a class C felony, before the town of Carmel Court. He was released on his own recognizance to reappear on Feb. 26. The State Police were assisted by the Waushara County (Wisconsin) Sheriff’s Office.

PHOTO: David Eldredge/ NYSP

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