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Accountant accused of stealing from Libertyville Boys Club due in court Wednesday

The man accused of stealing nearly $67,000 from the Libertyville Boys Club, a non-profit football league, is due in court Wednesday.

Former treasurer Christopher Jacobsen 43, of the 600 block of Meadow Lane, turned himself into police in January after a warrant had been issued for his arrest on charges that he wrote and cashed checks through LBC’s funds to himself for $66,700. He has been charged with a class two felony for misappropriation of funds.

He is scheduled for a preliminary hearing before Judge Raymond Collins Wednesday morning, according to Lake County Clerk’s office records.

Jacobsen, a self-employed CPA, took on the role as treasurer in February 2009, according to police.

In a statement issued to LBC members, the board of directors said Jacobsen was also a respected coach and volunteer for LBC for more than a decade.

A spokesman for the board, coach and former LBC athlete Adam Beeson explained that the investigation began after the LBC board made several requests over several months to review the club’s finances.

“What happened was the board requested that they have a couple of meetings and he wasn’t able to produce the finances books,” Beeson said.

According to police, the board began asking for the documents at regular monthly board meetings in March last year, but didn’t turn in the documents until October.

“He gave various excuses, such as tax season, this and and that and the other,” Beeson said. “Ultimately, it came down to the board demanding the books. Finally, he produced the books, then the board immediately took them to an accounting firm for an audit. The firm said, ‘You’ve got a problem, gave them (the board) the evidence and said to go to the police.”

The report was filed at the Libertyville Police Department on Dec. 16, said Lt. Scott Fabbri.

The documents Jacobsen provided allegedly “disclosed that numerous checks were written by Jacobsen to himself and cashed for a total of $66,700,” Fabbri wrote in a news release.

The state’s attorney reviewed the case, then issued a warrant for Jacobsen’s arrest on Jan. 5, Fabbri said.

After his surrender, Jacobsen was processed and later released after posting 10 percent of the $50,000 bond.

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