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Missouri school district recovers part of stolen funds

Missouri school district recovers part of stolen funds

September 7th, 2011 in News

DEXTER, Mo. (AP) - A southeast Missouri prosecutor says someone used fraudulent electronic transfers to steal about $300,000 from the Dexter school district.

KFVS-TV reports (http://bit.ly/nNYqlj ) the theft occurred Aug. 17. More than half the money - about $117,000 - has been recovered so far and returned to the district.

Dexter police and Stoddard County prosecutor Russ Oliver are investigating. Oliver says there's no sign that the security systems of the district and its bank were compromised. The bank notified the district immediately of suspicious activity in its account.

It's not clear yet just how the theft was carried out. But Oliver says that school districts should advise employees with access to their electronic funds transfer systems to be wary of emails asking for any bank log-on information.

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Information from: KFVS-TV, http://www.kfvs12.com