If he was stealing a million dollars to help his business survive, I am skeptical that they're going to get much of that back, let alone the money they've been paying him to sit on his butt.
Bad Behavior at U of Iowa . . . . again
- Thread starter qwerty
- Start date
Take it from his IPERS balance then. That's a pretty fair and logical means of recouping a decent amount of what he took from the university during his leave while under investigation. The three years of contributions while being investigated would amount to 20% of it and those for sure should be forfeited
Someone at ISU embezzled a million dollars and then after it was discovered was paid a quarter million dollars over 3 years while on leave? Really?
University of Iowa employee deposited more than $940,000 of school funds into personal account, audit says
A state audit found a University of Iowa employee deposited more than $940,000 from the university into his personal bank account.www.kcci.com
Sounds like this guy was getting the staff to do his side jobs. So it was just free labor and equipment. The workers probably didn’t know who it was for.
No they got fired and the boss quit before the posse came after him. Doesnt matter it still happened.
I guess I missed that story. Do you have a link so I can read about it?
This one? Google is all about the U of Iowa guy and some woman in Algona.
ISU employee accused of mishandling $115K in credit card fraud
An Iowa State University employee is accused of mishandling the school's money.
www.kcci.com
The whole point is not that the embezzlement happened, but rather how the University responded when it was discovered.
There are bad employees at every university. What matters is how the universities respond to them. That's the whole point.
There was no money "allocated" so nothing was missing. It's just that he used taxpayer funded machines, taxpayer funded U of I employees, and his own taxpayer funded time to run his side hustle. Any profit made from that should have gone to U of I.
