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El Dorado County District Attorney Vern Pierson announced today the arrest of Kent Maloney, a former Lions Education Foundation Treasurer who allegedly, over seven years, embezzled more than $275,000 from the non-profit entity, which is associated with the Lions Club International. According to their website, the foundation's budget is allocated to youth and education, with no administrative expenses, and 100% of all monies going directly in support of youth programs.
The Defendant is being held on $300,000 bail in the El Dorado County jail. The case was investigated by the El Dorado County Sheriff's Office with assistance from the El Dorado County District Attorney's Office.