KINGSTON, N.Y. (NEWS10) – A man was arrested by the New York State Police in Kingston on Tuesday. James R. Tisch, 64, of Del Ray Beach, Florida, was arrested on a charge of second-degree grand larceny, a felony.

Tisch is accused of stealing over $130,000 from Frost Valley YMCA while employed as its Chief Financial Officer. He was arraigned in the Town of Ulster Court in front of Judge Weiss and released on his own recognizance.

Tisch is scheduled to reappear in the Town of Denning Court on July 20. The New York State Police Kingston BCI was assisted by the New York State Police SIU – Financial Crime Unit.

Frost Valley YMCA CEO Jerry Huncosky sent a statement to NEWS10:

On Thursday, April 15, 2021, Frost Valley YMCA uncovered a misallocation of its funds. Immediately upon discovery, Frost Valley CEO Jerry Huncosky notified board leadership and Frost Valley launched an internal investigation to uncover the full scope of the situation. The investigation has now been turned over to the District Attorney’s office.

Frost Valley has made reasonable efforts to contact our key stakeholders to communicate the information we have gathered at this time. We will continue to be transparent with our plans to prevent this from happening in the future.