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re: WAFB: Millions paid to fake bank accounts by Livingston Parish School Board, audit shows
Posted on 2/13/23 at 12:51 pm to teke184
Posted on 2/13/23 at 12:51 pm to teke184
quote:No way. You’ve obviously never had men try to sleep with you.
Men lie more but women tell bigger lies
This post was edited on 2/13/23 at 12:53 pm
1
Posted on 2/13/23 at 12:52 pm to Bottom9
quote:
I applied to be the assistant treasurer there back in late 2022. I would've caught this shite
Which I’m sure is why you didn’t get the job.
Posted on 2/13/23 at 12:53 pm to BilbeauTBaggins
Louisiana doing Louisiana things.
Posted on 2/13/23 at 12:55 pm to BilbeauTBaggins
Uhhh…so am I missing the part where charges were filed?
Posted on 2/13/23 at 12:55 pm to Bottom9
quote:
I applied to be the assistant treasurer there back in late 2022. I would've caught this shite
Unless your last name is one of about 3 or 4 names, you had zero shot of ever getting that job.
Posted on 2/13/23 at 12:55 pm to SquatchDawg
Why would there be charges filed?
Posted on 2/13/23 at 12:55 pm to SquatchDawg
Or at least someone being fired
Posted on 2/13/23 at 12:56 pm to BilbeauTBaggins
Good job to the cyber investigators with FBI, LA State Police, Secret Service, and other agencies for collecting most of the money back!
Posted on 2/13/23 at 12:56 pm to tigergirl10
I’ve never tried to tell a woman that it’s her baby when I slept with someone else.
Posted on 2/13/23 at 12:57 pm to rented mule
quote:
Unless your last name is one of about 3 or 4 names, you had zero shot of ever getting that job.
Oh I knew that. I used to audit school districts so I was like f it why not. It all works out in the end.
Posted on 2/13/23 at 12:58 pm to BilbeauTBaggins
I don't know what the answer is but I'm sure it will involve cancelling classes for the day.
Posted on 2/13/23 at 1:48 pm to teke184
quote:
Didn’t just run for a six week period in 2022 then.
I'm actually thinking this is everything. Once an auditor finds something like this, we are supposed to at least review all similar transactions in an attempt to find how far the problem goes. Maybe they didn't do that, but that would be shocking to me given the amount.
Posted on 2/13/23 at 2:23 pm to BilbeauTBaggins
quote:
Livingston Parish School Board
Gee have a parish-wide school tax increase on the ballot.
Posted on 2/13/23 at 2:27 pm to BilbeauTBaggins
Fraudulent = bank accounts by friends/family of those with the check book?
If so, pretty uncreative fraud.
Certainly the future incarcerated are not using all of their innovative skills. Hint: crypto.
If so, pretty uncreative fraud.
Certainly the future incarcerated are not using all of their innovative skills. Hint: crypto.
Posted on 2/13/23 at 2:28 pm to imjustafatkid
quote:
I'm actually thinking this is everything. Once an auditor finds something like this, we are supposed to at least review all similar transactions in an attempt to find how far the problem goes. Maybe they didn't do that, but that would be shocking to me given the amount.
This, and it appears it was caught before the audit, but is being reported as a finding as this probably came up during the internal control procedures interviews. Most likely the vendors called because suddenly the payments were late. Although, based on how the internal controls failed, this part made me laugh
quote:
LPPS now requires that any change to electronic fund transfers requires written and verbal verification from the vendor.
If they didn't think to call before receiving a random e-mail to change the wire information, do you think they will take the time request written verification too? They'll probably just reply to the e-mail with the fraudulent info.
Posted on 2/13/23 at 2:30 pm to BilbeauTBaggins
Did anyone actually read the article, much less the report?
They got scammed because like most scams, they depend on the laziness of employees.
Spoofed e-mail comes in and says, hey, can you go me a favor and update our banking info, we changed banks.
Employee: yeah sure
Payments start being made to new account.
Few weeks later, vendor calls accouting: Uhm why haven't you paid our latest bills?
Accounting: What are you taking about, we got your e-mail saying to change accounts, and we have been paying the new account.
Vendor: I haven't changed my account.
Accounting: Ah shite.
So they start then trying to recover the money.
Since they are still shoet and there is a significant insurance claim pending, it has to get written up in the annual audit report.
This happens a lot. Yes, you would think by now everyone would know now to fall for this... but people are stupid and lazy.
This isn't corruption... just incompetence and laziness.
They got scammed because like most scams, they depend on the laziness of employees.
Spoofed e-mail comes in and says, hey, can you go me a favor and update our banking info, we changed banks.
Employee: yeah sure
Payments start being made to new account.
Few weeks later, vendor calls accouting: Uhm why haven't you paid our latest bills?
Accounting: What are you taking about, we got your e-mail saying to change accounts, and we have been paying the new account.
Vendor: I haven't changed my account.
Accounting: Ah shite.
So they start then trying to recover the money.
Since they are still shoet and there is a significant insurance claim pending, it has to get written up in the annual audit report.
This happens a lot. Yes, you would think by now everyone would know now to fall for this... but people are stupid and lazy.
This isn't corruption... just incompetence and laziness.
Posted on 2/13/23 at 2:30 pm to BilbeauTBaggins
Now do Orleans Parish....
Posted on 2/13/23 at 2:31 pm to Macfly
quote:
Gee have a parish-wide school tax increase on the ballot.
Which in itself is one of the dumbest things if voters fall for it. The argument as set forth by the school board for the increase / new tax is absurd.
They conveniently forget that for the sales tax portion recent inflation has already caused a rise in revenue that more than exceeds the level of salary increases they want to dole out.
And for the property tax side they are completely overlooking the windfall tax increase they have amassed while property values went nuts over the last 2 years along with increased construction everywhere.
Posted on 2/13/23 at 2:36 pm to RougeDawg
quote:
What the hell are they buying for $2.3 million in less than a month?!
Depends on the district's fiscal year. If their fiscal year begins on 1/1, it's very common to spend that kind of money quickly.
I have worked with schools for over 15 years and they tend to spend large amounts of money on their capital equipment projects immediately after the fiscal year begins.
Posted on 2/13/23 at 2:39 pm to Floyd Dawg
quote:
What the hell are they buying for $2.3 million in less than a month?!
Probably construction contracts.
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