- Associated Press - Tuesday, December 23, 2014

FRISCO, Colo. (AP) - A longtime CEO of the Summit Association of Realtors who is accused of stealing more than $415,000 from the nonprofit organization has been jailed.

The Summit Daily reports (http://bit.ly/1sWzRyi ) Sue Frank was arrested Monday, and prosecutors filed a request to have her $15,000 bond revoked. Investigators say Frank has taken several steps to prevent the tracing and return of the allegedly stolen funds.

A judge set Frank’s new bail at $250,000 on Tuesday.

Frank, who led the association for nearly 20 years, initially was arrested Dec. 2 on charges of theft and forgery.

Prosecutors say she stole the money by forging checks and making unauthorized fund transfers. Frank has declined to comment on the charges.

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Information from: Summit Daily News, http://www.summitdaily.com/

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