Published: Jul 18, 2013 4:36 PM EDT

ENGLEWOOD, Fla.- The Sarasota County Sheriff's Office has arrested a former member of the Englewood Masonic Lodge for stealing more than $90,000 from the group's scholarship fund.

The investigation began in May when 59-year-old Michael Cripps, from Port Charlotte, contacted the Sheriff’s Office to report himself for the ongoing crime. Detectives contacted the Lodge and learned Cripps was the sole person with access to the account. Financial records showed that since July 2007, Cripps cashed checks and made unauthorized personal purchases totaling $92,563.70.

Cripps turned himself in this morning and is charged with felony Scheme to Defraud. He is currently being held on $50,000 bond.