So was this administrative theft or student theft, or a combination of the two?
The Twitter posts seem devoid of any real information, and are telling an entirely different story than the news articles.
And are any of these thieves actually going to prison, or are they going to shuffle to a less-known school?
see my post above for a statement from the president, and the hankerson guy was both a student and worked in financial aid so i guess its a combination of the two.
Right, it's considered an administration scandal because Tyson and the other people stealing money were employees.
However, what will end up costing the President his job, and the school millions in legal proceedings is the business process used within the financial office.
NO OFFICE IN THIS WORLD, will allow you to approve your own financial transactions or your own expense reports. When I fill out anything involving expenses, it goes to my project's lead PM, then our contracts PMO, then the contract PM for sign off. Any discrepancies have to be flagged by those 3 people BEFORE it even hits the books for our internal corporate office to review. Most importantly, our internal financial offices have no contact whatsoever with project teams, so there is no favoritism. It's just a bunch of names and numbers to them.
It's a regular check and balance.
It's done to prevent fraud, but most importantly to make sure the money's actually fukkn right.
Seniors members are always liable for the actions taken by their junior staff. That's the fukkn point of you overseeing them.
Just pull up all of Tyrone's logged transactions since he joined, you only have to ask a few things:
- who approved of these transactions (fired)
- why weren't there administrative policies in place to prevent abuse (fired)
- why weren't there system locks built into the program to prevent abuse (fire the team that approved of the acquisition; fire the contractor; buy a new system)
There is no way, no way, you should be going into the next year with the same financial aid office intact.
This is not a failure of 6 people. This is the failure of an entire department. Not only did you not know someone was stealing money from you, you didn't even know how much money you were in control of in the first place and how many individual students should've been served.