David Smith, former executive director of the Maryland Saltwater Sportfishing Association (MSSA), is believed to have embezzled approximately $250,000, according to sources with knowledge of the internal investigation. The information was forwarded to Anne Arundel County Police.
Smith has not yet been charged with any crimes related to the case. The case is now being handled by Financial Crimes.
Frank Holden, president of the MSSA, could not immediately be reached for comment.
The association sent out a memo to the MSSA Board of Directors back in February informing members that "disturbing irregularities" were discovered in recent bank statements. They identified questionable withdrawals and personal charges made by Smith. They also discovered that the organization was $4,500 behind in rent and thousands of dollars in funds were missing.
WMAR-2 News was contacted by several MSSA members who said a number of winners from the 2017 Fall Classic held in November were never paid.
The website for the MSSA is currently offline.