Church Treasurer and Assistant Embezzle $366k from North Carolina Coffers

Aug 5, 11 • Breaking NewsNo Comments

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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