Bill Bolde: The Former Principal of Saugus High School got Arrested on Saturday.
Saugus High School ex-principal Bill Bolde was arrested in the scandal for embezzlement and Perjury.
Bill Bolde served as a principal for 14 years at Saugus High School and as a coach and teacher for almost 16 years. He retired from his position of principal at Saugus High School in 2012.
Currently, Mr Bolde is associated with Master’s University as an executive director of career services and management.
Bill Bolde, former Saugus High School principal, was arrested on felony charges of embezzlement and perjury after being the subject of an ongoing exchange program investigation. https://t.co/1whBMYS561
— KHTS Radio (@KHTSRadio) December 12, 2021
The news of his arrest is currently across social media platforms. Let’s find more about the case.
What Was Saugus High School Principal Bill Bolde Arrested For?
Bill Bolde, the principal of Saugus High School, was arrested for falsification in the former Chinese Exchange Program fraud scheme.
First, we thought it was just a rumour regarding his arrest, but it was found faithful when the news went viral on Saturday.
According to KHTS Radio, Bill was arrested on felony charges of embezzlement and Perjury during the Los Angeles Country Sheriff’s Department (LASD) Fraud and Cyber Division’s investigations.
The LASD fraud and Cyber Division deputies arrested 65-year-old Bill Bolde around 7 a.m. on 11 December 2021.
As per the statement of William S. Hart Union High School District official, they were aware of the Los Angeles Public Integrity Unit investigation for allegations of misconduct against Bill Bolde.
Fraud And Chinese Exchange Program Debacle
Bill Bolde was imprisoned being the suspect of a case related to a Chinese student exchange program.
Los Angeles Public Integrity Unit arrested the principal for embezzlement under government code 1090A and Perjury, penal code 118A.
LASD officials Stated, ” The Chinese-language program that has exchanged over 200 students between Saugus High School and School GaoXin in China within 14-years has been undergoing ongoing fraud investigation linked to Bolde’s embezzlement charges.”
The William S. Hart Union High School District fully cooperated with law enforcement in the investigation. Their support also helped the Sheriff’s Department to inspect the case effectively.
There are no further updates from the district at the moment. However, they appreciated the effort of law enforcement in this matter.
Mr Bolde was charged $45,000 instead of the bailment and was released on bond at approximately 3:30 p.m., according to Sheriff’s Department source.
We will come with more updates regarding the case in our further articles.