Bloomfield Hills man accused of embezzling $697K from scholarship fund

Posted at 10:39 AM, Feb 04, 2020
and last updated 2020-02-04 17:37:25-05

BLOOMFIELD HILLS, Mich. (WXYZ) — A 60-year-old Bloomfield Hills man allegedly stole $697,000 from the Oakland Hills Caddie Scholarship Trust.

Craig Alvin Maass was president of the trust at the time of the embezzlement, officials say.

Fiduciaries of the trust noticed irregularities in the account and suspected misconduct. They requested a forensic audit be conducted, where it was discovered $697,000 had been embezzled and converted over for alleged personal use by Maass.

Detectives from the Oakland County Sheriff's Office arrested Maass, who was arraigned on Jan. 31 on six counts of Embezzlement by a Fiduciary over $100,000, a 20-year felony.

"If you are going to victimize a child in Oakland County, physically or financially, we are coming after you," said Sheriff Michael Bouchard.

Sheriff Bouchard says when investigators learned his friend came with him with about $50,000, planning to bond him out so they could jet to the Super Bowl, investigators told the magistrate.

Maass was given a $700,000 bond, no ten percent.

The Oakland Hills Caddie Scholarship has awarded over $1 million in the last 40 years to young caddies to help with their education.