The Talent Managers Association reportedly has lost $42,000 to embezzlement. “We’ve been the victim of embezzlement,” TMA president Daryn Simons said. “We have pressed criminal charges and are seeking restitution.”

She declined to name the alleged perpetrator, but sources tell Deadline it’s a former board member of the nonprofit organization. “We don’t want to discuss this case while it’s open because it could have an impact on the outcome,” Simons said.

Founded in 1955 as the Conference of Personal Managers, the TMA provides guidance for talent managers, offers educational programs for its members and supports and encourages high ethical business practices and standards. Its Code of Ethics says “no member of the TMA shall engage in fraudulent or felonious activity.”