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IB Chamber of Commerce releases update on Unauthorized Withdrawl of Funds by former Treasurer after Sheriff's raid Home and Business of Richard Schamburg last December

Jan 28, 2016 05:51AM ● By Paul Spear

The Imperial Beach Chamber of Commerce releases update to their June 2015 Statement regarding Unauthorized Withdrawal of Funds from their bank account by then Treasurer Richard Schamburg in February of 2015 after former Treasurer's Home and Business was raided by Sheriff's last December.

Here is the Chamber statement:

As an update to the statement released in June, 2015 regarding an
unauthorized withdrawal from the Imperial Beach Chamber of Commerce bank
account on February 10, 2015 by Treasurer Richard Schaumburg, the Sheriff’s
Department and Department of Real Estate are finalizing their investigation
and we expect to receive the final report shortly.  At that time, it is
planned that a judgment for the remaining balance of $19,500 will be filed
against the Schaumburg’s

SD Police Officers and Sheriff's Deputies raid office of One Source Realty in Imperial Beach 

Here is the statement released in June of 2015

In an email sent out Tuesday June 16th to their members, the Imperial Beach Chamber of Commerce Issued Statement on Missing Funds!

"On February 10, 2015, a member of the Imperial Beach Chamber of Commerce (IBCOC) Board of Directors made an unauthorized withdrawal from the IBCOC bank account.  A portion of these funds have been returned but $19,500 remains outstanding.  The Board of Directors continues to work with Chase Bank to recover these funds and to prevent future incidents of this nature.  Since this is an ongoing investigation through the San Diego County Sheriff's Department through their Central Investigations Division, Financial Crimes Investigations, we cannot release any further information.”  The Imperial Beach Chamber of Commerce continues to operate as normal and remains open for business.

During the period discussed in the above released statement, the Board of Directors voted out their existing Treasurer, a local Real Estate Broker, and was replaced by Jim Mickelson who finished out the term and was reelected to the position by the Chamber Members in results released Tuesday, June 16.


Paul Spear, Editor, Dig Imperial Beach


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