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Jul 06, 2006

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Quotidian Grace

I saw this first on your blog. Over $100K? Good grief, that's astonishing and sure to prompt a whole lotta questions all around.

Michael Kruse

I don't know the nature the embezzlement but it appears to have been accomplished in part through phony journal entries and bogus charges. I also don't know how it was uncovered and it does not appear that anyone else was involved. You can't keep people from embezzling but you can put obstacles in their way and implement checks and balances that turn up false reporting. Someone in the position of treasurer has considerable access to the records and can bury the false transactions quite deep. That this was caught within about six or seven months of the first false entry suggests to me that the system worked but we will see what further investigation turns up.

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