A now-former treasurer of two Lakeville gymnastics booster clubs is accused of stealing over $80,000 from the groups’ bank accounts.
Holly Nichole Flood, 46, of Lakeville, was charged by summons in Dakota County District Court with two counts of felony theft in connection with allegedly embezzling from the Lakeville South High Gymnastics Booster Club and Lakeville Gymnastics Booster Club.
Flood was treasurer of one club from April 2019 to March 2024, the other from February 2019 to June 2024, when she resigned after a financial review of the clubs’ accounts, the criminal complaint said.
Flood is scheduled to make a first court appearance Dec. 9. An attorney is not listed in the court case file, and a message left for Flood asking for comment was not returned Wednesday.
According to the Oct. 31 complaint, Lakeville police received a report in July 2024 about missing funds from the clubs. The reporting party told officers that Flood, the clubs’ former treasurer, may have used club funds for personal purposes.
The reporting party said Flood had recently stepped down as treasurer after a financial review showed a large number of checks written to Flood, ATM withdrawals at casinos and other spending not tied to the clubs.
When club members asked Flood for account information and financial documents, she refused to cooperate, the complaint said.
In an interview with police, Flood said she sometimes paid for things for the clubs out of her personal finances and would later reimburse herself for those expenses. She said she retained some documentation of the clubs’ finances, including for her reimbursement as her time as treasurer.
Officers asked Flood for the documentation, which she provided about a week later. However, in a follow-up interview the same day, Flood “became emotional” and said she had taken money from the clubs after getting into personal financial problems, the complaint said.
She said she “never tried to hurt the clubs and attempted to pay back what she had taken,” the complaint read.
When questioned about the ATM withdrawals, Flood said she gambled to pay her expenses and pay back the clubs’ money.
Officers later received Flood’s casino gaming records and discovered she had lost an estimated $41,000 between 2022 and 2023.
A police analysis of the clubs’ financial records showed Flood stole nearly $51,000 from one club account between March 2021 and 2024. With the other club, police determined Flood took just over $32,000 between August 2022 and June 2024, the complaint said.
Flood did pay back one club about $30,300, mostly through a cashier’s check after she resigned as treasurer, the complaint said.
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