the former leader of an association embezzles more than half a million euros to buy drugs
The president of the association Atoll Loisirs France, specializing in the reception of young children in Toulouse (Haute-Garonne), was placed in police custody on Tuesday 4 October. Olivier Z. is suspected of having embezzled for his own benefit and for a third party more than 660,000 euros in 5 years. The money would have been used to buy drugs.
Just read the latest report from the auditor of the Atoll Loisirs France association to get an idea of the extent of the case.
The auditor finds in a paragraph headed “embezzlement” that “Mr. Olivier Z., former president of the association has diverted for his own benefit“plus 130,000 euros.”He recruited Mr. Sébastien G., who never intervened on the premises of activities at the Fabre school, and to whom gross salaries were paid” for a total amount of “71,000 euros social charges included“. Finally last point, Olivier Z. has also “misappropriated funds for the benefit of Mr. Sébastien G.“In total, 666,000 euros stolen between 2015 and 2020 (not counting the 87,000 euros reimbursed by the president of the association over the last 4 years).
As a result, in 2020, Olivier Z. had to leave his post and legal proceedings with the appointment of a judicial administrator were put in place.
Now the ex-leader association, whose main activity was until last June to manage the Alae of the Fabre school in Toulouse, must report to Justice. As revealed by our colleagues from 100% RadioOlivier Z. was taken into custody on Tuesday 4 October.
According to information from local radio, investigators suspect the former association president of having embezzled these sums “probably to buy cocaine and various drugs”. A dozen other people could be summoned by the courts in the coming days as part of the prosecution for “breach of trust and money laundering”.
Subsidies from the town hall of Toulouse and the Caisse d’Allocations Familiales de Haute-Garonne were the only resources of Atoll Loisirs.