Wednesday, January 8, 2014

University Embezzlement Epidemic Continued: Former CIO At Fairmont State U In West Virginia Pleads Guilty In $650K Scheme

From WJAR on 1/8/14:

A former vice president at Fairmont State University will be sentenced later this year for using his state-issued purchasing card to steal hundreds of thousands of dollars from Fairmont State for his personal use.

David Tamm, 45, of Parkersburg, plead guilty to embezzlement and filing a false tax return in Clarksburg Federal Court on Wednesday morning.

“It’s alleged that he purchased hundreds of computer switches with his state purchasing card and then sold them for cash,” said Bill Ihlenfeld, the U.S. Attorney for West Virginia’s Northern District.

Tamm, Fairmont State’s former chief information officer, admitted that, from Oct. 2007 until Jan. 2013, he stole money from Fairmont State and, in 2012, filed a false tax return by underreporting his salary.


Read the whole story here.

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