The former treasurer for the city of Carlsbad has been arrested, accused of stealing money from a non-profit, according to Carlsbad Police.
On Wednesday, 53-year-old James Comstock was arrested for grand theft and misappropriation of funds. He was booked into jail on $120,000 bond, according to officials.
Comstock was the volunteer treasurer of ArtSplash, a non-profit that puts on an annual arts festival in Carlsbad.
Comstock was elected as city treasurer in Nov. 2010, according to Carlsbad Patch, and resigned last January. Police say the charges do not involve his job with the city.
The arrest is the result of a nearly year-long investigation. According to police, another ArtSplah board member noticed problems with the financial records and alerted the city. Because the city donates to ArtSplash, city officials were allowed access to the documents.
In February, police served a search warrant and search Comstock’s Bank of America accounts from Jan. 2009 to Jan. 2013, officials said. The District Attorney joined the investigation in October.
At this point, there is no word how much Comstock is accused of stealing or what kind of punishment he could face.
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Comstock became the treasurer of ArtSplash in 2003.
