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Jul 13, 2015

More Money Missing at Treasury Department

Joseph Waight

In April 2015 four persons were arrested for their involvement in a Treasury Department scam which allegedly netted them more than half-a-million dollars. Preliminary investigations indicated that money due as subvention for the Toledo Community College was diverted into other accounts, and then siphoned off from those accounts. It was a bold scam, uncovered by accident, and sources from the Ministry of Finance told us that they believed that the missing monies were perhaps just the tip of the iceberg. Today Financial Secretary Joseph Waight updated us on that investigation.

 

Joseph Waight, Financial Secretary

“The investigation continues and I believe there may be a little more from what we heard originally.  I got a report last week that there could be another transaction in the tune of twenty-five thousand dollars or so. In that one, the police are doing the investigations; we have gotten bank records. One gentleman has been arrested and now the idea is to try to build a case strong enough so that when it gets to court, it does not fall apart. But we are doing things every step of the way. And by the way, with regards to the Toledo Community College, I made a mistake. I said it was October of 2014…the money was missing from October of 2013; they’ve verified that; they’ve confirmed that.”

 

Mike Rudon

“So it is correct that there was monies diverted from their subvention?”

 

Joseph Waight

“Right. That is correct.”

 

The reference to Toledo Community College is pertinent, because in May the institution told us that no subvention monies had been diverted because they surely would have noticed. The four persons arrested and arraigned are out on bail.

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1 Response for “More Money Missing at Treasury Department”

  1. Ali BaBarrow & his 40 say, Je juis Castro says:

    we are busy stealing.

    what else do you want to know?

    you did not get your hookup?
    Like who do you know, that deserves a dime?

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