A significant legal development has emerged in Luzerne County, where the former president of a Wilkes-Barre nonprofit organization has been charged with theft. William Corcoran Jr., aged 35, is accused of misappropriating over $2,000 from Wilkes-Barre Power Inc. between May 2019 and April 2024.
Key Takeaways
- Accused Individual: William Corcoran Jr., former president of Wilkes-Barre Power Inc.
- Charges: Theft involving unauthorized transactions exceeding $2,000.
- Time Frame: Alleged theft occurred from May 2019 to April 2024.
- Bail: Released on $10,000 unsecured bail.
Details of the Allegations
According to the Kingston Police Department, Corcoran made multiple unauthorized transactions from the nonprofit’s bank account. The investigation revealed that he admitted to these actions, which have raised serious concerns about financial oversight within the organization.
Background of Wilkes-Barre Power Inc.
Wilkes-Barre Power Inc. is a nonprofit organization dedicated to community service and support. The organization relies heavily on donations and grants to fund its initiatives. The alleged misconduct by its former president has prompted questions about the internal controls and financial management practices in place.
Legal Proceedings
Corcoran stepped down from his position as president in 2023, prior to the charges being filed. Following his arrest, he was released on $10,000 unsecured bail, allowing him to remain free while awaiting further legal proceedings. The case has garnered attention from local media and community members, who are concerned about the implications of such actions on the nonprofit sector.
Community Reaction
The news of the charges has sparked outrage among community members and supporters of Wilkes-Barre Power Inc. Many are calling for greater transparency and accountability within nonprofit organizations to prevent similar incidents in the future.
Moving Forward
As the legal process unfolds, it remains to be seen how this case will impact Wilkes-Barre Power Inc. and its operations. The organization may need to implement stricter financial controls and oversight to restore public trust and ensure that its mission continues without further disruption.
This incident serves as a reminder of the importance of ethical leadership and financial integrity in nonprofit organizations, which play a crucial role in supporting communities.
