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“Her membership was revoked after the allegations came to light.”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.
