WILLIAMSPORT, Pa. (AP) — A Lycoming County man faces felony theft charges for allegedly stealing more than $500,000 from the nonprofit company he founded to help troubled youths.
An affidavit filed Friday by the district attorney’s office charges that 46-year-old James McCloy of Jersey Shore stole more than $530,000 between 2009 and 2012 from Susquehanna House Inc. The affidavit claims he spent it on things that included gambling and strip clubs, divorce payments to his ex-wife and loan payments on his former residence.
McCloy is the founder and president of Susquehanna House, which owns properties in Linden, Jersey Shore, Montoursville and Williamsport, Pa., and Atlantic City, N.J. It says it provides residential services, foster care and transitional living for youths.
District Attorney Eric Linhardt says McCloy was released on $150,000 unsecured bail.