Leaders of KIPP San Antonio, a branch of one of the most successful charter school programs in the country, are reeling after learning a former employee may have embezzled tens of thousands of dollars from the school district's accounts.
According to KIPP board member Michele Brown, a member of the district's financial operation's team who was working from home last Thursday stopped returning phone calls and e-mail after 12 p.m.
The next morning, one of KIPP's financial institutions contacted officials to alert them to suspicious activity on an account. The employee didn't show up to work Friday and has not been located since.
So far, officials have determined that a sum “in the low six figures” was missing. Brown declined to reveal the total amount because officials still are going through all their accounts. The employee was fired for not showing up to work.
The Police Department's white-collar crimes division is investigating, and police say the former employee, whom KIPP and SAPD declined to name, is a suspect...
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CHARTER SCHOOL FUNDS, EMPLOYEE VANISH, January 14, 2010, San Antonio Express-News (TX)