FOLSOM BORO — The former president of a school association has been arrested in connection with the theft of thousands of dollars from the organization's bank account.

Donna Walters, 55, of Folsom, was charged with theft and credit card fraud, according to New Jersey State Police.

Authorities say that over the course of three years, Walters allegedly spent $26,113.87 that she obtained from the Folsom Home and School Association fund. Police say troopers from the NJSP Buena Vista station were informed about the suspicious account activity On July 25 by members of the association's executive board.

Detectives reviewed Walters' personal bank records and discovered that there has been dozens of "suspicious" transactions.

"After a complete audit of the bank records, it was determined that Walters had used the association’s bank accounts for personal use and spent thousands of dollars over the course of three years," NJ State Police said in a statement Wednesday.

Following the investigation, Walters was arrested on Sept. 7. She was transported to the Atlantic County Correctional Facility in lieu of $30,000 bail, police said.

Toniann Antonelli is a social content producer for NJ 101.5. She can be reached at, or on Twitter @ToniRadio1015.

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