A university in Missouri was shocked to learn that its controller allegedly conducted an embezzlement scheme for over two years, in which she managed to steal more than $100,000 from the school's coffers. The former employee is now facing charges of embezzlement after an accounts payable audit revealed her theft.
According to the St. Louis Post-Dispatch, Melinda Okai had worked for Missouri Baptist University for several years before being promoted to the organization's controller position in 2009. It is then that investigators believe Okai began her illegal scheme to bilk the school out of some of its funds. After an AP audit discovered the embezzlement, Okai was accused of creating fraudulent refund checks to herself from the university.
The news source states that these checks are issued when loans from the government exceed the total charges from the university. Additionally, Okai allegedly took out several emergency student loans in her husband's name, who was a student at the school, but used the money for personal purchases instead of tuition or other educational-related expenses. In all, the AP audit found that Okai stole $107,406 from Missouri Baptist University.
Okai could face up to 15 years in prison if she is found guilty of the crimes she is charged with, reports the Word and Way.