The former director of finance of Fay-Penn Economic Development Council is scheduled for a preliminary hearing next week on charges that she stole almost $17,000 from the nonprofit.
State police accused Melony Reed, 49, of Morgantown, W. Va., of using Fay-Penn’s credit cards to pay for personal expenses, including household products, veterinarian bills and alcohol. However, in a lawsuit filed in April, Reed contended she was fired from Fay-Penn after she reported concerns about conflicts of interest by Fay-Penn board members and other misconduct.
The criminal complaint, filed last month, alleged that between August 2023 and October 2024, Reed borrowed credit cards from multiple Fay-Penn employees, claiming she had not received her company card yet. Those employees reported purchases from retailers like Walmart and Amazon that they believed to be fraudulent, police said.
Fay-Penn Executive Director Timothy Flecker also reported that several purchases from the organization’s Amazon account were sent directly to Reed’s home in West Virginia.
In October 2024, Glenn Valdiserri was hired as an independent auditor to review the nonprofit’s books. Police said he found $16,940.36 in expenses not related to the nonprofit.
According to Fay-Penn’s website, Valdiserri is now the agency’s director of finance.
When they interviewed Reed, police said she admitted to buying personal items, including candy and Christmas lights, using her Fay-Penn credit card. She also told police she...
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