Dunlea Centre
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Events, General

72-Year-Old Charged With Stealing $150K from Charity


Wednesday, 7th October 2015 at 2:24 pm
Ellie Cooper, Journalist
Australia’s oldest charity, The Benevolent Society says it has taken action to address its financial procedures following an alleged $150,000 fraud by a former employee.

Wednesday, 7th October 2015
at 2:24 pm
Ellie Cooper, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
72-Year-Old Charged With Stealing $150K from Charity
Wednesday, 7th October 2015 at 2:24 pm

Australia’s oldest charity, The Benevolent Society says it has taken action to address its financial procedures following an alleged $150,000 fraud by a former employee.

Last week a 72 year-old Sydney woman was charged with allegedly defrauding her Not for Profit employer over a seven-year period from 2007.

The Benevolent Society said it was shocked that a trusted employee allegedly secretly embezzled almost $150,000 from the organisation.

NSW police said in a statement that in September 2014, the finance team of the Non for Profit organisation allegedly identified discrepancies in their banking accounts.

“The organisation then hired private forensic investigators to review these accounts,” a NSW police statement said.

“The investigators identified banking discrepancies allegedly totalling $148,984.05, which occurred between December 2007 and August 2014.

“A long-term employee of the organisation employed as a client accounts officer was identified as a possible suspect in the matter.Police from Surry Hills Local Area Command were notified and commenced an investigation.”

The woman was arrested and charged with stealing property as clerk/servant greater than $15,000. The woman was granted conditional bail to appear at the Downing Centre Local Court on Thursday 22 October 2015.

“We took action as soon as we became aware that there were some discrepancies occurring to do with money received from clients not being banked in total in The Benevolent Society’s bank account,” The Benevolent Society CEO, Joanne Toohey, said.

“We engaged forensic accountant Grant Thornton to investigate and it took a while to determine the full extent of the fraud.

“The Benevolent Society views this matter extremely seriously. To avoid further instances of fraud we have thoroughly reviewed our internal controls and financial reporting procedures. No cash is being handled at any of our sites.

“The investigation found that no clients suffered any financial loss as a result of the employee's actions. The loss was carried by The Benevolent Society’s insurance.”


Ellie Cooper  |  Journalist  |  @ProBonoNews

Ellie Cooper is a journalist covering the social sector.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Special Fraud Squad to Protect NDIS from Rorts and Organised Crime

Luke Michael

Tuesday, 24th July 2018 at 4:30 pm

Fraud Charges Dropped Against Street Swags Founder

Wendy Williams

Wednesday, 20th December 2017 at 12:14 pm

Avoiding Fraud in Online Banking

Contributor

Tuesday, 16th May 2017 at 8:10 am

Sydney Leadership – Developing Purposeful Leaders

Staff Reporter

Tuesday, 29th November 2016 at 11:21 am

POPULAR

Concerns Raised Over NDIS Barriers for Homeless People With Disability

Maggie Coggan

Tuesday, 7th August 2018 at 8:24 am

NFPs Urged to Focus on Purpose

Luke Michael

Tuesday, 7th August 2018 at 8:27 am

Coordinated Care at Risk Under Marketisation of the NDIS

Luke Michael

Thursday, 9th August 2018 at 8:20 am

New NDIS Quarterly Report Revives Call to Lift NDIA Staff Cap

Luke Michael

Thursday, 16th August 2018 at 8:44 am

Dunlea Centre
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!