James C. Sherer, 55, of Lake Zurich.

Police have arrested the former president of the Lake Zurich Lacrosse Club after he allegedly stole over $160,000 from the organization for his personal use.

Executive board members of the Lake Zurich Lacrosse Club NFP made a report on January 28 with the Lake Zurich Police Department.

They reported that a past president of their organization, James C. Sherer, possibly stole over $160,000 over a two-year period, according to Lake Zurich Deputy Police Chief David Anderson.

Sherer, 55, of Lake Zurich, served as president of the organization from August 1, 2020, to November 7, 2022.

Anderson said Sherer withdrew the funds from the club’s bank account for personal use during his tenure as president.

Newly appointed board members became aware of the unauthorized withdrawals and alerted the police department, Anderson said.

The Lake Zurich Lacrosse Club was founded in 2009 in an effort to bring the sport of lacrosse to the Lake Zurich community, according to the organization’s website.

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A months-long investigation led to detectives reviewing the case with the Lake County State’s Attorney’s Office.

An arrest warrant was obtained for Sherer on Monday.

Sherer was charged with two counts of money laundering, two counts of theft and one count of continuing a financial crimes enterprise. All of the charges are Class 1 felonies.

Detectives conducted a traffic stop on Sherer in Lake Zurich on Monday and arrested him.

His bond was set at $200,000 and he remains held in the Lake County Jail.