dis is too funny...wonda how she get ketch outta alll

[evanovitch]

Former employee of the Financial Sector Adjustment Company (FINSAC), Nacasha Edwards, was offered bail in the sum of $600,000 when she appeared in the Half Way Tree Criminal Court Thursday morning.

The 27-year-old woman was charged on Monday following investigations into the theft of more than $2 million from the coffers of FINSAC.It is alleged that Miss Edwards who was employed as an accounting officer stole blank cheques which were later forged with the signatures of signing officers at FINSAC.

Investigators further allege that more than $2 million was encashed by Miss Edwards.

The fraud squad was called in after the management of FINSAC uncovered the fraud.

The Financial Crimes Division is also investigating Miss Edwards for possible money laundering charges.

She is due to return to court on July 17.

[Dr.Dudd]

Re: dis is too funny...wonda how she get ketch outta alll

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">Former employee of the Financial Sector Adjustment Company (FINSAC), Nacasha Edwards, was offered bail in the sum of $600,000 when she appeared in the Half Way Tree Criminal Court Thursday morning.

The 27-year-old woman was charged on Monday following investigations into the theft of more than $2 million from the coffers of FINSAC.It is alleged that Miss Edwards who was employed as an accounting officer stole blank cheques which were later forged with the signatures of signing officers at FINSAC.

Investigators further allege that more than $2 million was encashed by Miss Edwards.

The fraud squad was called in after the management of FINSAC uncovered the fraud.

The Financial Crimes Division is also investigating Miss Edwards for possible money laundering charges.

She is due to return to court on July 17.

</div></div>
Simple... she use cheques.
There is an accounting principle called audit trails that is used to trace the path of any accounting transaction.
she is young and is not ethat knowledgable about accounting principle.
How could she believe that she could just originate an expenditure without the buying department have a corresponding material recieval report?
Every single expebditure must have a track to th epurchasing department accounts. ..and there have to be either evidence of sale, use on a job,or assets onhond to support it.
hey even me who just did ta little auditing, when I was wipper snapper know this.