University of Missouri to investigate potential embezzlement

wireready_07-27-2017-11-50-02_09235_universityofmissouriacademiclogo
(AP) – The University of Missouri in Columbia is investigating a
possible case of employee embezzlement.The Columbia Daily Tribune reports that a university news release Tuesday
said that the school’s Police Department was investigating “suspected
misappropriation of funds from student organization accounts affiliated with
Greek Life.” The release says the money was held outside of normal university
accounts.

It also indicated that a sole former employee was responsible for the alleged
embezzlement.

University spokeswoman Liz McCune says it’s currently unknown how much money
is involved. She says no one has been arrested yet.

Tuesday’s release also announced the university would start new protocols
requiring two approvals for spending money held on behalf of student groups.
Organizations must have spending approved by their supervisor and the Vice
Chancellor for Student Affairs.

WebReadyTM Powered by WireReady® NSI