Risk Management: Money Can Be Put at Risk, Too! $165,000 Reportedly Embezzled
http://www.boston.com/news/local/mas...P4J/story.html
A longtime volunteer alumna working with an Alpha Phi chapter has been charged with “. . . embezzling $165,000 that the student organization had set aside for a new house. . . .”
“Her membership was revoked after the allegations came to light.”
Name, a few more details are in report; see link above.
Treasurers, RM chairs, house corporations, and so on: please consider independent audits, good-to-excellent financial controls, and the like. The allegations in this case are certainly not the first time we’ve heard of such things. And sadly, it won’t be the last.
Hybrid Mode
