A Holgate man who is also a member of a local school board was indicted by a Henry County grand jury last week.

Adam Eis, 41, was indicted on one count of theft, a fourth-degree felony, and one count of money laundering, a third-degree felony.

Eis is in his second year as an elected member of the Holgate Local Schools Board of Education. Henry County Prosecutor Gwen Howe-Gebers Monday said the charges are not related to the Holgate School District and stem from an organization Eis and a co-defendant, Jason Schwartz, 46, of North Baltimore started called NETS that would find locations to host basketball games, such as during a tournament.

“There were some investors that got them started and they were to be the ones organizing it and they went beyond the scope of the expressed or implied consent of those individuals (the investors) with the money,” Howe-Gebers said of the allegations.

Schwartz is also charged with theft and money laundering, as well as one count of tampering with records, a fifth-degree felony.

According to the indictment, the allegations occurred from January 2018 through December 2020, and the value of money involved in the theft charge was $7,500 or more.

Eis is scheduled to be arraigned Thursday morning.

A message left with Eis seeking comment was not returned as of press time.

E-mail comments to jenl@northwestsignal.net.

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