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Roseville man arrested for embezzling from youth sports group

By: Brad Smith The Press Tribune
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A 39-year-old Roseville man suspected of embezzling money from a youth sports program surrendered to Placer County Sheriff’s Office detectives early Thursday afternoon. According to PCSO public information officers Lt. Jeff Ausnow and Dena Erwin, Paul Mathias Periolat was arrested for taking nearly $38,000 from the Granite Bay Junior Grizzlies football and cheer group, a non-profit organization. “Mr. Periolat was the group’s former treasurer and president,” Erwin said. Periolat served as the treasurer in 2006 and was the organization’s president until 2009, Erwin said. “The detectives found that he had been writing checks to himself for some time,” Ausnow said. In a Feb.18 Press Tribune story, current board president Phil Grams said Periolat admitted to using $25,000 of the youth football and cheer organization’s funds. Periolat paid the money back and resigned from the group. The Granite Bay Grizzlies provide team sports for children ages 7 to 13. Parents raise money and collect donations, to help pay for equipment upkeep, officiating costs and to pay for uniforms. Ausnow said detectives contacted Periolat, informing him that they had enough evidence to arrest him on the charges of embezzlement, 10 counts of burglary, conspiracy and grand theft. “Mr. Periolat contact a lawyer, who then contacted us and negotiated his surrender,” Ausnow said. Periolat surrendered to detectives at the Loomis substation, Erwin said. Periolat was booked into the Placer County Jail with bail set at $38,000, a PCSO press release said. According to an SEC media release, Periolat consented to pay a $25,000 civil penalty. On Sept. 1, 2009, the United States Securities and Exchange Commission alleged that Periolat, as a supply chain controller for VeriFone Holdings, Inc., had made large manual adjustments to inventory balances on VeriFone’s books each quarter, dramatically increasing both gross margins and operating income. Periolat has not admitted to or denied the SEC’s allegations. Brad Smith can be reached at brads@goldcountrymedia.com