Pretrial for Calhoun set for Wednesday
The pretrial hearing for Douglas Calhoun of Russell, Ky., will be at 2:30 p.m. Wednesday in Lawrence County Common Pleas Court. Calhoun is charged with taking funds from the SSP Credit Union where he worked as treasurer.
He was indicted by the Lawrence County Grand Jury last month on 13 counts of theft in connection with $1 million missing from the now-liquidated credit union.
He will appear before Judge Frank McCown.
Kathy Beals, victims' advocate for the Lawrence County Prosecuting Attorney's Office, said she would like to encourage any former members of the credit union to attend the pretrial hearing or contact the Crime Victims' Assistance Program to express what they would like to see as the outcome of the case if there is a conviction.
Calhoun was indicted on one count of theft, a class-five felony with a maximum sentence of 12 months; two counts of aggravated theft over $100,000, class-three felonies with five-year maximum sentences; and 10 counts of grand theft of amounts between $5,000 and $100,000, class-four felonies with a maximum sentence of 18 months.
All crimes allegedly occurred between Jan. 1, 1990 and May 17, 2002. If convicted, the sentences may be served concurrently, Collier said.
Originally, Calhoun was arrested May 18 on charges of theft by deception, but was released on $100,000 bond.
In June, the Ohio Department of Commerce declared SSP "insolvent and unsafe" and authorized American Share Insurance to liquidate the company.
Because of interest that would have accumulated, ASI has logged more than 3,000 hours on the case and paid out $3.8 million to date with more work to be done, Collier said.
Former credit union members can write to the Lawrence County Prosecutor's Crime Victims Assistance Program, Number 1 Veterans Square, Ironton, Ohio 45638, or call 533-4360.