UPDATE: The Bethany College employee who was fired after reportedly admitting to stealing more than $500,000 in cash from the school’s cash window has turned herself in.
The woman, identified as Shelly Lough, turned herself in on charges and bonded out on Tuesday.
Brooke County WV Oct 10 2013
A Bethany College employee has been fired after reportedly admitting to stealing more than $500,000 in cash from the school’s cash window. The director of finance of the college, who was responsible for oversight of the account in question, was also terminated.
According to a letter issued by college president Scott D. Miller on Tuesday, a financial audit by an outside firm revealed that more than $500,000 in cash was unaccounted for in accounts relating to the college’s cash window, which is used to cash student and employee checks.
An investigation was immediately launched, and a confession was reportedly made by a Bethany College employee who managed the cashier’s office. The employee was immediately terminated and the matter was referred to the Brooke County Prosecutor for criminal prosecution.
The prosecutor asked the college to refrain from communicating about the incident in any way until Tuesday, in order to accommodate the investigation. Investigators have determined that the thefts from the cash window were linked to ongoing criminal activity in Ohio and authorities there have now acted to seize some assets.
No student or employee funds were impacted by the theft. The college expects to recover the majority of the stolen money through the efforts of the criminal prosecution and through insurance.
The school has closed the cash window and has replaced it with banking services provided through WesBanco.