School payments, solution for accountants, school business manager.
A woman defrauded 3 schools out of $200,000 in New Jersey.
Mary M. Ayoub, 52, was the business manager for the schools, which gave her access to their accounting records. Names of the schools Ayoub worked for were not specified.
She ran the large-scale scheme from December 2015 and January 2018, said acting Bergen County Prosecutor Dennis Calo. An investigation revealed that Ayoub entered false records into the schools’ financial ledgers. Then she used the false entries and the schools’ funds to cover $185,000 worth of fraudulent transactions.
The investigation also uncovered other schemes of fraud which included stealing cash payments, issuing unauthorized checks to herself, and using school credit cards. Ayoub made more than 1,500 personal purchases with credit cards she opened in other people’s names.
In total, Ayoub allegedly stole more than $200,000. She faces a court hearing in June.