Former official for Carmel-based fraternity foundation sentenced to 27 months

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2 thoughts on “Former official for Carmel-based fraternity foundation sentenced to 27 months

  1. Restitution is not a good remedy as it never gets paid…I have first had knowledge regarding court ordered restitution and no one from court or law enforcement follows up to make certain payments made…5k court order restitution as a result of a burglary involving things and cash and Zero received during the past 25-30 years ……ZERO… …

  2. No excuse for this. But you would think the company would know better than to have the same person responsible for receiving the money and doing the books. That’s one of the first things they tell you in class. You never have the same person. It’s too tempting for things like this to happen. The bigger the company the more people need to be involved in the checks and balances So its much harder for things like this to happen. People are human and will frequently think of a way of scamming, stealing and/or embezzling money/ stacks bonds, people’s identity, cards, etc.. There is no perfect solution. But at least set up some simple checks & balances!! I still can’t believe that in this day and age, a company would trust 1 person to do both.

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