Friday, April 2, 2010

Former Colorado University Official Suspected In $450K Embezzlement Case

An unnamed former administrator at Naropa University, based in Boulder, Colorado, is being investigated by the FBI on suspicion she embezzled some $450,000 from the institution. According to authorities, the suspect misappropriated the funds over a two year period. The university fired its CFO, Sue Evans, and its comptroller, Suree Chounlamountry, for "failure to establish proper controls," although they are reportedly not suspected of any criminal wrongdoing.

Read the story here, here and here.

Update (11/28/10): The unnamed former administrator has been identified as Ronda F. Devers, 41, who was an accounts payable clerk with Naropa University. Devers has been indicted on 18 counts of theft and forgery. She is now believed to have misappropriated $590,871. The thefts allegedly spanned a two year period, from February 2008 until March 2010, according to reports. According to the indictment, Devers took student refund checks, voided them and reissued them to herself or to her unnamed girlfriend.

1 comment:

Anonymous said...

she's named here, though the naropa website lists her as the accounts payable manager, not an accounts payable clerk...