YULEE, Fla. – William H. Reynolds III — the former president of Yulee Little League — was arrested Thursday after an investigation found what investigators describe as a pattern of unauthorized spending on a league debit card and related accounts.
According to the affidavit supporting the arrest warrant, the alleged misuse of funds spanned from Jan. 1, 2024, through April 28, 2025, and involved transactions totaling more than $94,000.
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Reynolds assumed the role of Yulee Little League (YLL) president in the fall of 2023. In August 2024, the league appointed a new treasurer, and in September 2024, the organization opened a new bank account intended to improve financial oversight.
A debit card for that account was issued in Reynolds’ name, investigators said.
The treasurer began reviewing account activity and reported recurring charges that appeared to be personal in nature. After requests for receipts and explanations from Reynolds went unanswered or were deemed insufficient by the board, YLL reported the matter to the Nassau County Sheriff’s Office, prompting a formal investigation.
Financial findings
Investigators subpoenaed full transaction histories and cross-checked those records with an independent audit commissioned by the league. The affidavit states unauthorized transactions recorded across the league’s accounts — including the FPCB debit account and another account reviewed by auditors — exceeded $94,000.
The audit cited $82,474.42 in unauthorized transactions for calendar year 2024 alone. Reported examples of alleged personal expenditures include large volumes of Amazon and Prime Video charges (totaling more than $12,900), ATM withdrawals and money orders, purchases at retail stores (including a $455 charge at Target), streaming charges via Roku, utility payments (a $115.36 FPL charge), restaurant spending, hotel stays, T-Mobile charges, Venmo transfers (including transfers to family and former family members), and payments to medical or clinic providers.
Month-by-month debit-card reviews in the affidavit show a marked increase in both transaction volume and the dollar amount of unauthorized charges between October 2024 and April 2025, investigators said. Several months show dozens of transactions and thousands of dollars allegedly designated as unauthorized by the board and auditors.
Investigation and arrest
The affidavit was submitted by Sgt. D. Lumpkin of the Nassau County Sheriff’s Office, Criminal Investigations Division. Investigators obtained records via subpoena, analyzed transaction histories, and worked with a third-party accounting firm retained by YLL to identify charges for which Reynolds could not produce receipts or valid league-related justification.
A Nassau County judge found probable cause and issued arrest warrants charging Reynolds with organized fraud and grand theft. The arrests were executed on Thursday, and the warrant lists an appearance bond set at $15,002 per count.
Legal process and next steps
Reynolds faces felony charges that, if proven, carry significant penalties under Florida law. As with any criminal case, the charges in the arrest warrant are allegations; Reynolds remains presumed innocent until proven guilty in court.
Court filings, arraignment dates, and subsequent hearings will determine the course of the case. The affidavit and warrant indicate authorities will present evidence collected from bank records, subpoenas, and the independent audit.