Investigations and Case Study:
Crimes Involving Fiduciary
Responsibility /
Embezzlements Within School
Systems
Commonwealth Association of Financial Professionals
October 18, 2012
© 2013, 2012. 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
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.
Embezzlement – Another Problem
Facing Our School Systems
© 2013, 2012. 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 $100,000.00
• Oregon – school secretary found guilty, $18,000.00
• North Carolina – benefits specialist, convicted
almost $500,000.00
• California – school district’s chief business officer,
charged over $700,000.00
• Virginia – bookkeeper, indicted $8,500.00
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.
Monica Foote Case
• Alabama
• School Board’s Chief Financial Officer
• $97,000.00 in check payable to Monica Foote
- Plus $5,364.81 in false travel claims
• Confrontation and confession
• How was it spent?
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.
NW3C’s Role
1.
2.
3.
4.
5.
Received documents
Entered documents into database
Balance and standardize database
Analyze Records
Produce products
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.
Top 10 Expenditures
© 2013, 2012. 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
•
© 2013, 2012. 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
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.
Questions?
© 2013, 2012. 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
www.nw3c.org
kkoontz@nw3c.org
(800) 221-4424 ext 3352
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.
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This project was supported by Grant No. 2011-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 ICSISTM are trademarks of NW3C, Inc. and may not
be used without written permission.
© 2013, 2012. NW3C, Inc. d/b/a the National White Collar Crime Center. All rights reserved.