NORRISTOWN, Pa. — The Montgomery County District Attorney's Office announced that an arrest warrant has been issued against a former 'Carousel at Pottstown' board member and attorney.
District Attorney Steele says that Adam Sager, age 56, now of Sarasota Florida, is charged with numerous felony counts related to a theft of $300,000 from the 'Carousel of Pottstown'.
'Carousel at Pottstown' is a nonprofit foundation that oversees the historic carousel, officials say.
Adam Sager is a former board member and attorney for the nonprofit, reports the DA.
The DA says that in February 2025, board members and administrators met with Montgomery County Detectives to share they discovered a $300,000 embezzlement.
Montgomery County Detectives say they began an investigation into the theft. They report that they interviewed board members and administrative staff and reviewed dozens of bank records and business files.
The investigation found that a $300,000 theft occurred in 2019 and was done by Adam Sager, according to the DA's office.
Detectives say they learned that on June 28, 2019, a judgment in a civil action ordered Sager and a co-defendant to pay Total Rental $451,000.
Around the same time, officials say the 'Carousel at Pottstown' board approved a large renovation of the Carousel and decided to seek private donations to finance the improvements.
Sager allegedly volunteered to contact local philanthropist, Barry Sankey, for a donation to finance the renovations. The DA says at the same time, Sager arranged for a $300,000 line of credit loan for the Carousel non-profit foundation that had him as the only designated signer.
To obtain the loan, Sager submitted fraudulent Carousel board minutes as evidence that the board had approved the loan, according to the DA's office.
Officials say the loan was disbursed on July 29, 2019, via a $295,000 cashier’s check payable to Total Rental and a $5,000 check to a builder hired to construct a small patio.
On August 16, 2019, the Court marked the judgment against Sager as satisfied, says the DA.
The DA says that in September 2019, Sankey issued a $300,000 check to “Carousel at Pottstown,” which Sager used to pay off the line of credit loan he took out in July.
This theft by Sager caused the 'Carousel at Pottstown' foundation to suffer a loss of $300,000, which had been donated for improvements that were never made, reports the DA's office.
DA Steele says Sager is charged with multiple felony counts of theft deception, theft by failing to make required dispositions, forgery and dealing in the proceeds of unlawful activity.
The case will be prosecuted by the District Attorney's Office along with the Pottstown Community Justice Unit.
When reached out to for comment, the Carousel at Pottstown sent the following statement:
"The Carousel at Pottstown Board of Directors and Management Staff are deeply saddened and appalled that a person who had been entrusted with the care of our Carousel, restored in the memory of a 13 month old little boy, has chosen to victimize it in this way. We feel sure that the members of our community who have generously given of their countless volunteer hours and financial support over the last 27 years must feel the same. As always, we are forever grateful for all of the love and support we have been shown. We are asking for your continued support at this time as we are determined to make sure that The Derek Scott Saylor Memorial Carousel is a part of the Pottstown community’s legacy for many, many years to come."
Thank you.
The Board of Directors
The Carousel at Pottstown
