Palm Bay Woman Arrested For Embezzelment From Medical Organization
PALM BAY, Florida -- A 45-year-old woman is on her way to jail after detectives uncovered a trail of evidence that they say revealed hundreds of thousands of dollars in missing money from a professional organization for oncology practice managers in which she served as treasurer.
Mary Elizabeth Snyder faces felony charges involving scheming to defraud and grand theft. Patrol officers picked her up on an arrest warrant Tuesday afternoon. The warrant carries a $500,000 bond.
On March 20, 2013, the president for Oncology Managers of Florida (OMF) filed a police report concerning an on-going scheme to defraud and grand theft of money. According to the police report, there were discrepancies in OMF’S bank account, specifically $42,435 in funds that had been electronically transferred in small amounts over a period of time from the OMF account to various bank cards allegedly belonging to Mary Snyder.
As a result of the discovery, OMF’S board of directors convened and voted unanimously to terminate Synder from her position and move forward with criminal charges. According to police, further investigation revealed the theft had been ongoing since July 2006 and OMF is estimating their total financial loss to be nearly $300,000.
Palm Bay police say that due to the statute of limitations, Snyder can only be charged for acts that occurred between 2009 to present day. That amount involves nearly $50,000.
“The electronic trail of evidence shows payments to Synder’s multiple credit card accounts,” said Detective Mark Fell. “Ms. Snyder was the only person that had access to the password protected OMF bank account.”
According to the group's website, the Oncology Managers of Florida, Inc. is a professional organization that provides information and educational support as well as implementing changes in medical policies and governmental issues in the State of Florida.
Ms. Snyder was a board member for approximately 8 years.