Tuesday, December 8, 2015

Another Major Embezzlement inVermont: Non-profit Reports Possible Loss of "Hundreds of Thousands"

From VtDigger on 12/8/15:

A bookkeeper for a major Vermont nonprofit is under investigation for embezzlement, according to the organization’s top executive.

Hunger Free Vermont executive director Marissa Parisi said Tuesday that the organization believes that the employee may have been embezzling funds for years. The full extent is not yet clear, but she said that the total amount could be significant.

“We actually think the loss could be in the hundreds of thousands,” Parisi said.  ...

The Burlington Free Press also covered the story:

The leader of Hunger Free Vermont says an employee embezzled thousands of dollars from the organization's reserve fund, deceiving fellow employees and auditors for about a decade.

Executive Director Marissa Parisi said in a statement Tuesday that she was "devastated" by the discovery.

Parisi declined to name the employee or discuss criminal charges until an FBI review is complete. The employee had "bookkeeping responsibilities" and had held the position for 11 years, she said.
The employee has been fired, but no criminal charges have been filed.  ....

No comments: