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© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Investigations and Case Study: Crimes Involving Fiduciary Responsibility.

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Presentation on theme: "© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Investigations and Case Study: Crimes Involving Fiduciary Responsibility."— Presentation transcript:

1 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Investigations and Case Study: Crimes Involving Fiduciary Responsibility / Embezzlements Within School Systems Commonwealth Association of Financial Professionals October 18, 2012

2 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Kristin D. Koontz, CFE National White Collar Crime Center (NW3C), Enforcement Analyst -White Collar Crimes -Law enforcement and regulatory agencies CFE Police Officer Elon University

3 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Embezzlement – Another Problem Facing Our School Systems

4 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. How prevalent is this? Alaska – school secretary, facing charges twice, totaling over $100, Oregon – school secretary found guilty, $18, North Carolina – benefits specialist, convicted almost $500, California – school district’s chief business officer, charged over $700, Virginia – bookkeeper, indicted $8,500.00

5 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Monica Foote Case Alabama School Board’s Chief Financial Officer $97, in check payable to Monica Foote - Plus $5, in false travel claims Confrontation and confession How was it spent?

6 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. NW3C’s Role 1.Received documents 2.Entered documents into database 3.Balance and standardize database 4.Analyze Records 5.Produce products

7 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Top 10 Expenditures

8 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Outcome Foote plead guilty to one count of use of public position for personal gain and one count of theft of property, first degree During sentencing NW3C’s work products shown Judge sentenced Foote beyond the sentencing guidelines

9 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Internal Checks and Balances Red Flags There’s a problem… now what? - Policy - Law enforcement - Evidence

10 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Questions?

11 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. Thank You Kristin D. Koontz, CFE National White Collar Crime Center (800) ext 3352

12 © 2013, NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved. This project was supported by Grant No BE-BX-K002 awarded by the Bureau of Justice Assistance. The Bureau of Justice Assistance is a component of the Office of Justice Programs, which also includes the Bureau of Justice Statistics, the National Institute of Justice, the Office of Juvenile Justice and Delinquency Prevention, the Office for Victims of Crime, and the Office of Sex Offender Sentencing, Monitoring, Apprehending, Registering, and Tracking. Points of view or opinions in this document are those of the author and do not necessarily represent the official position or policies of the U.S. Department of Justice. The National White Collar Crime Center (NW3C) is the copyright owner of this document. This information may not be used or reproduced in any form without express written permission of NW3C. NW3C TM, IC3® and ICSIS TM are trademarks of NW3C, Inc. and may not be used without written permission. /NationalWhiteCollarCrimeCenter /NW3CNews Membership Services (804) Investigative Support (804) Training (877) (800)


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