Tuesday, January 28, 2014

Alaska Woman Charged With Embezzling $118K; Spent Money On Lifestyle

From the Fairbanks News-Miner on 1/26/14:
A former manager of the Fort Yukon Native village corporation was charged this month with embezzling as much as $118,000 from the corporation in 2009.
A felony criminal complaint against former Gwitchyaa Zee Corporation manager Zelma Louie Fairchild, 61, alleges she altered records and stole money from a safe, making a money loser out of what has since been a profitable Fort Yukon fuel store for the corporation. 
The investigation began when Fairchild’s successor took over the corporation and observed the corporation had less money than she expected, according to the complaint. In particular, there was less money for a separate account used by the company fuel store. Fairchild’s successor hired an accounting firm to audit store records, which found the store lost at least $118,000 between July 2009 and December 2009.

Read the whole story here.

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