This trusted, married couple in the Church held the position of Treasurer and Assistant Treasurer with complete discretion of managing Church finances. They were part of the Church for over a decade, surely they weren’t committing any fraud?! In a simple review of the monthly cash reconciliations, these fraudsters would likely have been caught earlier having written a total of 811 checks to themselves over a three year period totaling $366,156. Many times our firm recommends that there be someone independent (like a board member) who reviews the monthly cash reconciliations for any unusual items, such as usual or frequent checks written to employees. Are you prepared for this kind of threat?
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Details obtained from www.gastongazette.com