ComicsPRO Investigating Possible Misuse of Corporate Funds

Nonprofit retailer organization ComicsPRO announced yesterday that it is investigating the possible misuse of corporate funds by one of its board members.

According to the statement, released via the ComicsPRO Facebook page, President Thomas Gaul accepted the unnamed board member's resignation after the alleged ebezzlement came to light.

The statement is as follows:

ComicsPRO, the Comic Book Industry retail trade organization, is currently investigating the possible misuse or misappropriation of corporate funds by a former Board member. Thomas Gaul, the organization President, was recently made aware of the potential abuse. He moved to quickly inform the Board of Directors of the issue and accepted the resignation of the board member in question. The board is investigating the extent and degree of any misappropriation of organization funds, the effects it may have on the organization, and what the organization can do to recover the funds, if anything.

The Board of Directors is fully committed to uncovering all of the facts and circumstances surrounding these events in an open and transparent manner and, should it become necessary, will cooperate with authorities as the situation unfolds.

Regardless of the outcome of the investigation, there is no expected impact to the current staffing and programming of the organization.

Founded in 2005, ComicsPRO is a not for profit organization "dedicated to the progress of direct market comic book retailers."

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