Saturday, April 16, 2011

Former Drake University Employee in Iowa Charged With Embezzling More Than $470K

Robert Alex Harlan, 49, has been charged with with five counts of first-degree theft in connection with the embezzlement of more than $470,000 from Drake University in Des Moines, Iowa, where he had been employed as director of student accounts for the past 20 years. According to authorities, Harlan's allegedly misappropriations date back to 2004 and continued until this past March. According to a statement from the university, "University accounting records had been manipulated to allow institutional funds to be converted to an employee's personal use."


Read the story here, here and here.

Update (4/20/11): Two audits last year initially missed the embezzlement at Drake University. Read the story here.

Update (4/21/11): Loss put at $600K. Read the story here.

Update (9/27/11): Harlan, pleaded guilty to one felony count of embezzlement of more than $10,000.  He faces up to 10 years in prison.

Update (11/8/11): Harlan has been sentenced to up to 10 years in prison.

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