Illy R. Pederson of Marshfield, Wisconsin, faces felony money laundering charges, committing fraudulent writing and theft in a business environment.
Ex-Charity CEO admits to embezzlement of more than $2.5 million
Keith Taylor, founder and former CEO of the Modest Needs Foundation, has granted embezzlement of more than $2.5 million from a charity he created to support struggling families, federal prosecutors announced.
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- The former executive director of Ronald McDonald House Charity in Marshfield has been accused of stealing more than $100,000.
- Iilee R. Pederson faces multiple felony charges, including money laundering and theft in a business environment.
- The investigation began after the accounting firm discovered inconsistencies in the charity’s financial records.
- According to criminal charges, Pederson allegedly transferred funds from a charity bank account to her personal PayPal account.
The former executive director of Ronald McDonald House Charities in Marshfield, Wisconsin, faces felony charges of stealing more than $100,000 from the organization.
Iilee R. Pederson, 39, who resigned from her position on June 26, 2024, is charged with money laundering, rogue five counts of fraudulent writing, three thefts in a business environment and two misdemeanor theft. Pederson is scheduled to make his first appearance in Wood County Circuit Court on October 27th.
According to criminal charges, on June 28, 2024, someone at Ruderware’s business lawyer contacted the Marshfield Police Department about the possibility of Pederson embezzling money from Ronald McDonald House House Charities in Marshfield.
According to criminal charges, Pederson had withdrawn the money from Ronald McDonald House’s checking account and deposited it into her personal PayPal account. The accounting firm has found a discrepancy between the charity’s associated bank checking account and the statement provided by Pederson, which was provided while she was the executive director.
According to the complaint, Pederson was the only review and approval statement of review and approval statement, and the report was saved in PDF and subsequently recycled. Ronald McDonald House Board did not give anyone permission to withdraw money from their account and deposit it into their PayPal account.
Pederson did not give Ruderwear an explanation of the deal he had when he first spoke to her. She said that the family, who had borrowed money for drugs and alcohol, had access to Ronald McDonald’s home’s checking account. Pederson said she compiled the bank’s statement to cover up the transaction. When asked why the deal continued after the family died, Pederson said he was involved with a “bad person” who kept accessing the family’s accounts after death.
Pederson said by the time her family died, she was too deep if she wasn’t outside. According to criminal charges, the first transaction took place on June 13, 2022, and the last transaction took place on June 12, 2024.
According to criminal charges, he checked Pederson’s account at Simplicity Credit Union and transferred money from his PayPal account to his Pederson account on the same day he discovered it from his PayPal account and placed it in his PayPal account.
The estimated total obtained from the charity is $120,000. The organization recovered $100,000 from the insurance company, according to the complaint.
Please contact Karen Madden at kmadden@gannett.com. Follow her on Twitter @kmadden715, instagram @kmadden715, or facebook www.facebook.com/karen.madden.33.
