Saturday, November 24, 2012

College Audit: Controller Embezzled Funds

Prosecutors say an employee at a baptist university embezzled more than $100,000. Melinda Okai is accused of taking the funds from Missouri Baptist University in St. Louis by issuing fake refund checks and issued emergency loans to her husband - without crediting the loans to his tuition accounts. The missing funds showed up in an internal audit. Okai became controller in late 2009.

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