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Ex-village treasurer ordered to stand trial
Village officials contacted the Newton County Sheriff’s Department about the alleged discrepancies in October. The department also was contacted at about the same time by officials from Boyd’s then-employer, Empire District Electric Co. Boyd reportedly confessed to several of his Empire supervisors that he had taken money from the village for more than two decades, according to a probable-cause affidavit.
The Sheriff’s Department launched an investigation that culminated in the filing of charges against Boyd in February. A state audit requested last year is pending.
Boyd’s home at 135 Valley View Drive has a market value of about $147,100, according to the Jasper County assessor’s office. There are no records of him owning any property in Newton County.
Newton County Sheriff Ken Copeland told the Globe in a phone interview Monday that investigators, at least so far, have not ascertained what happened to the $673,000. Investigators also have not yet determined what might have happened to the $325,210 that Boyd is accused of taking.
Copeland said investigators are hoping that the planned state audit of the village’s finances will help reveal what happened to those funds. That audit is to take place later this year.
Desmond told the Globe after the hearing, though, that it might prove difficult to reconstruct what happened even with an audit. Much of the financial records available go back only seven years, he said.
Desmond said he had “no idea” what Boyd might have done with the money he is accused of embezzling.
“He (Boyd) hasn’t said anything yet,” Desmond said. “We’re not optimistic that there is going to be any significant amount of money for restitution.”
Felony charge
Gene “Paul” Boyd is charged with Class B felony stealing. The threshold for that charge is $25,000.
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