Tuesday, September 27, 2005

How Do You Steal 2 Million from a School District?

It is truly hard to imagine that anyone could steal 2 million dollars from a school district.    One would think that someone might notice. One would also think that the school district would have some oversight mechanism in place to avoid this from happening. Or maybe they did.   

The NYTimes reports here that the "former Roslyn schools superintendent" pleaded guilty for stealing money for over six years.  According to Newsday here, the former superintendent pleaded to grand larceny in an agreement that will require him to pay back the money and also spend from 4 to 12 years in prison. Part of the plea appears to include cooperation in an ongoing investigation. Perhaps the cooperation will unravel how this could possibly have lasted so long and allowed for so much money to be misused.  Prosecutors normally start at the bottom and work their way up in an investigation.

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/09/how_do_you_stea.html

Corruption, Fraud, News, Prosecutions | Permalink

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