United Way Discovers More Losses

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Officials at the Capital Area United Way say an employee embezzled $1.8 million - nearly $1 million more than what they initially thought the charity had lost.

United Way officials say they reviewed bank statements from nearly 10 banks dating back to 1996 and discovered nearly 400 missing and forged checks.

Most banks are not required to keep bank statements and records after seven years, and as a result, United Way officials say they will not be able to determine if more money was stolen prior to 1996.

United Way leaders hired Jacquelyn Allen-MacGregor, the woman accused of embezzling the funds, as the CFO twenty years ago. They say she had access to financial records and checks the entire time she worked for the charity.

Leaders at the United Way are now changing some of their financial security policies. They say they will now send their bank statements to an independent auditor rather than reviewing the records themselves. Plus, the charity has increased its insurance policy to $1 million in case of employee dishonesty.