As most of my loyal readers here the stoptheftclass.com blog know, I hate to hear stories of embezzlement. It drives me nuts when people empowered in positions of trust steal and betray those who rely on them. This is one such story.
Sherry Ann McGlory was caught by an internal audit found that the secretary at Bolton High School in Alexandria, Virginia had misappropriated nearly $46,000 within 18 months before she retired last fall. As reported in www.thetowntalk.com.
The 60-year-old McGlory was obviously trying to supplement her retirement in the wrong manner. It was no surprise that she retired shortly after being questioned about the missing funds. Unfortunately for her, retirement would not keep her out of jail.
School management discovered the secretary responsible for making deposits, was misappropriating the funds in August 2013 when the board’s internal school auditor was performing a specified procedure review.
Simply enough, McGlory was stealing cash collections worth $45,905.65. After being caught she brought a $41,000 cashier’s check to the School Board office to repay some of the funds.
How do you feel about this? Have you heard of similar situations in your neck of the woods? I hope that McGlory is mandated to take an anti-theft program, and in her retirement to serve a few hundred hours of community service.