Woman accused of embezzling from AZ associationPosted: Updated:
A woman has been accused of stealing money from a property owners association in northern Arizona.
Yavapai County Sheriff's officials say 57-year-old Kala Pearson is being held on suspicion of theft by extortion.
Sheriff's detectives met with the Beaver Creek Village Property Owners Association last month regarding $33,000 in missing funds from its corporate bank account.
The association's board members said only three persons had access to the account including Pearson, who was the designated secretary.
After reviewing documents, authorities say it was discovered Pearson had withdrawn the pledge money for either personal use or with deposits to a development corporation that she presides over.
Authorities say a series of checks were signed by Pearson beginning in August and one was for $20,000. Her next court date is Dec. 27.
Copyright 2012 Associated Press. All rights reserved.