CASE Study
Proof of Millions Embezzled from a Nonprofit School
Many high schools have sizable budgets, but they do not always have a sizable finance staff, making it more likely that one person will have too much span of control. Such was the case at a high school for at-risk youth, where a junior employee in the finance department noticed a depleted brokerage account and alerted leadership.
The head of finance was suspected of embezzlement. The high school went to the police, and he was taken into custody. The high school subsequently filed an insurance claim, as they had an insurance policy to protect against employee fraud. The insurance company turned to global consulting firm, J.S. Held, to complete an investigation to calculate the extent of the damages.
Process
Outcome
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