AP audit reveals alleged car dealership embezzlement

After an accounts payable audit revealed that more than $118,000 had gone missing from a Wake Forest, North Carolina, car dealership between January 2009 and March of last year, police began investigating the dealership's former accounting manager, the News & Observer reports.

Police obtained a search warrant for the bank account of Helen Beckham Taylor, who is believed to have misappropriated the money from Crossroad Ford of Wake Forest by replacing cash with checks, altering check and cash deposits and diverting completed deposits. Taylor is also suspected of covering her tracks by making journal entries to conceal the fact that the money was missing.

The police investigation is ongoing and charges have yet to be filed.

The state's Division of Employment Security also ran into trouble after a recovery audit revealed it had overpaid nearly $690,000 in unemployment compensation last fiscal year, and made $45,000 worth of duplicate payments. According to the News & Record, the errors were caused by a computer programming issue that was overlooked for a number of months. 

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