School payments, solution for accountants, school business manager.
The Teton School District, ID, loses $780,000 to fraud.
School district officials reported that an employee of the district office had sent $784,833.71 to a fraudulent account accessed through the school district’s email account. Superintendent Monte Woolstenhulme confirmed that the payment were for Headwaters Construction. “It was one of the monthly construction payments,” said Woolstenhulme on Friday. “We have been making construction payments since we started and these funds are from the bond.” The case, said Teton County Sheriff’s Office’s Mitch Golden, has been forwarded to the regional FBI agency that will be heading up the investigation. Woolstenhulme said that the school district’s insurance carrier, ICRIMP, has been notified and will do their own investigation.