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Message
FSU Boosters Swindled Out of $500K
Posted on 10/1/14 at 9:38 pm
Posted on 10/1/14 at 9:38 pm
Official Release from Florida State University and Seminole Boosters, Inc.
Oct. 1, 2014
Tallahassee, FL. — Seminole Boosters Chief Executive Officer and President Andy Miller announced today that Sanford Lovingood, comptroller at Seminole Boosters, has been terminated after allegedly misappropriating what is believed to be between $500,000 and $700,000.
The alleged misappropriation was discovered today during a review of banking records, and the Boosters are working diligently to resolve the matter. A forensic audit is under way to determine the amount of funds and how they were allegedly taken, Miller said.
The Boosters immediately terminated Lovingood’s employment and began an internal investigation. The Boosters also will assist with an investigation by the Leon County Sheriff’s Office, Miller said. The Boosters briefed FSU Interim President Garnett S. Stokes, the Board of Trustees, the administration, Athletics Department and the Seminole Booster Board of Directors.
Lovingood turned himself in to the Leon County Sheriff’s Office and is cooperating with law enforcement.
“We will aggressively pursue recovery of the funds and are confident they will be restored,” said Mike Harrell, chairman of the Seminole Boosters Board of Directors. “We take our fiscal responsibilities very seriously.”
The Seminole Boosters are a 501(c)(3) Florida corporation. Seminole Boosters, Inc. is designated as the Direct Support Organization for FSU Athletics.
Posted on 10/1/14 at 9:40 pm to TDFreak
How will they pay Jameis now???
Posted on 10/1/14 at 9:41 pm to Jwho77
Agreed....that's a lot of crab legs.
Posted on 10/1/14 at 9:42 pm to TDFreak
quote:
between $500,000 and $700,000.
How much is that in crab legs?
ETA: Damnit!
This post was edited on 10/1/14 at 9:43 pm
Posted on 10/1/14 at 9:42 pm to TDFreak
quote:
Sanford Lovingood,
More like Sanford Livingood
Posted on 10/1/14 at 9:44 pm to TDFreak
Before I opened this, I imagined that some crook took their pay for play money without giving them a player.
Posted on 10/1/14 at 9:53 pm to Jwho77
quote:
How will they pay Jameis now???
They must have discovered the embezzlement when Jameis complained about not receiving his check the past few weeks.
Posted on 10/1/14 at 9:53 pm to TDFreak
quote:
Sanford Lovingood
Is that his real name or pimp name?
Posted on 10/1/14 at 11:08 pm to TDFreak
That school is a massive dumpster fire.
Posted on 10/1/14 at 11:23 pm to Lsuhoohoo
After prison it will be Lovinwood
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