Saturday, December 12, 2009

Insurance covers Crystal Lake Elementary D-47 fraud loss

 

CRYSTAL LAKE – District 47 officials are expressing relief now that almost a half million dollars in missing funds has been replenished.

The district was reimbursed by its insurance company after discovering about $350,000 was missing this summer as a result of unauthorized wire transfers.

Cynthia Yates, a spokeswoman for the Chicago office of the FBI, confirmed in September that District 47 and Sycamore School District 427 were are part of a cybertheft investigation that the agency was undertaking.

That investigation is ongoing, she said Friday

Click on the following for more details:  Northwest Herald | Insurance covers D-47 fraud loss

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