A statement from the chairman of the Providence Plan's board of directors alleges that the nonprofit's former finance director gambled away funds he embezzled from the Rhode Island organization.
The Providence Journal reports Richard Spies' statement, posted to the nonprofit's website on Monday, does not expressly name Charles Denno but refers to the "then Director of Finance" who was fired on July 27.
Providence Plan officials previously identified Denno as the employee fired for allegedly embezzling hundreds of thousands of dollars. A forensic audit reportedly tied the thefts to Denno.
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Spies says officials have so far determined that more than $600,000 was taken over a four-year period. A state police investigation is ongoing.
Denno's attorney declined comment.
The Providence Plan was established to help alleviate poverty through educational and job-training initiatives.