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FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.
Thursday, September 30, 2010
Athletics Director For South Carolina High School Charged With Embezzling $135K
Bryan Butz, 46, of Batesburg-Leesville, South Carolina, has been charged with embezzling $135,596 from the White Knoll High School, where he had served as athletics director. According to authorities, Butz misappropriated the funds from an expenditure account meant to pay for sporting equipment, travel and jerseys. Among other things, Butz allegedly used a school debit card for the account to withdraw cash which he used for his own benefit. He became the athletic director in 2006 and was paid a salary of $80,000. According to authorities, Butz' thefts spanned more than a four year period, from June 2006 until September 2010.
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