Former finance manager will serve 180 days, pay $113,532 in restitution for RAAA theft
The former finance director for the Rosemount Area Athletic Association will spend 180 days in jail and pay $113,532 in restitution after he admitted stealing from the group between 2011 and 2013.
Robert Reischauer, who handled finances for the group for 27 years, pleaded guilty in August to five counts of felony theft.
Reischauer, 63, will also serve 20 years of probation. He was charged in July of 2014.
Judge Patrice Sutherland announced the sentencing Tuesday.
RAAA became suspicious of Reischauer in 2013 and made plans to change finance managers, but Reischauer was at first reluctant to turn over the books. When he finally did, the youth sports group found $75,000 missing and called Rosemount police.
Initial police investigation showed Reischauer had created a PayPal account in his own name and written several checks to himself from the RAAA account. He also used association money to pay for his Amazon account. He deleted the checks from the information he presented to the RAAA board.
The most significant theft came from September of 2012 to February of 2013, when Reischauer stole $48,524 from the group. He also took $27,000 from September of 2011 to February of 2012 and $22,464 from March to August of 2012.
The theft left RAAA with a $60,000 shortfall in its budget at the time Reischauer was charged, but then-president Heidi Kraemer said at the time the theft would not affect the group’s operation. RAAA put together a five-year plan to make up for the lost money.
“I’m so proud of the board,” Kraemer said at the time. “They rallied to make this a better organization and to make sure we do the right thing for everyone.”