A former school CFO used armored truck for stealing $600,000 - School payments, solution for accountants, school business manager

A former school CFO used armored truck for stealing $600,000

School payments, solution for accountants, school business manager.

Former CFO of Grand Prairie schools gets 37 months in federal prison.

Caroline Foster, 63, used armored trucks to steal  $600,000 from the district. Foster ordered the money withdrawn from district bank accounts and delivered by armored truck to the district offices. She told employees the money was for special cash awards for teachers and for settlements in lawsuits.

Foster was arrested by U.S. Secret Service special agents at her new work where she was the director of finance.

U.S. District Judge Jane Boyle gave Foster the maximum punishment within the sentencing guidelines. Boyle said Foster did not show remorse, and she called her conduct “horrendous.”

Burke Hall, a member of the district’s board of trustees, said the district is “disgusted” by Foster’s actions. “Trust is everything in a public school district,” noted Hall.

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  • April 3, 2018