CEO Admits Gambling Addiction Fueled Embezzlement

Former Big Brothers/Big Sisters CEO Ted Brodeur has pleaded guilty to felony theft, concluding a significant embezzlement investigation in Joliet. Brodeur admitted that his severe gambling problem caused him to misuse organizational funds, leading to an order to repay $40,000 in restitution.

During interviews with detectives, Brodeur detailed how his gambling escalated, particularly after starting his CEO role in August 2019 and when he began receiving his Joliet Park District pension in January 2021. He acknowledged using money for personal expenses and stated he almost lost his home due to his addiction.

The investigation revealed Brodeur used Big Brothers/Big Sisters debit and credit cards for personal purchases and cash withdrawals, sometimes disguised as business expenses or to cover his own lack of funds due to gambling losses. He admitted to taking cash from fundraisers and rental payments, though he could not provide exact figures.

Brodeur's sentence includes 24 months of court probation, with half the restitution due immediately and the remainder upon probation completion. Will County Undersheriff Dan Jungles emphasized that those who exploit charitable resources for personal gain will be held accountable, highlighting the impact on the children served by the organization.