tag:blogger.com,1999:blog-12703782.post1810169556882560381..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indiana™: Ball State Writes Off $12.6 Million Lost Through Fraud, State Lawmakers Say Nothing To See HereGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12703782.post-68482577083215502742014-10-20T15:12:53.106-05:002014-10-20T15:12:53.106-05:00one would think that the legislature would deduct ...one would think that the legislature would deduct 13 million from ball state's next round of funding. Some one should pay for the misdeeds and neglect of the administration. There should be consequences. Luke, are you listening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-85611080250023790272014-10-20T12:21:42.462-05:002014-10-20T12:21:42.462-05:00ANON 9:50, your comments hit the Bulls Eye. I did ...ANON 9:50, your comments hit the Bulls Eye. I did find some information concerning an Audit performed by the State Board of Accounts in 2011 - I thought a telling sentence was, "Accordingly, we do not express an opinion on the<br />effectiveness of the University's<br />internal control over compliance."<br /><br />http://www.in.gov/sboa/WebReports/B38541.pdfFloggerhttps://www.blogger.com/profile/10383015097067413086noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-81799444127099590562014-10-20T11:51:16.706-05:002014-10-20T11:51:16.706-05:00The article by the Star would not meet minimal sta...The article by the Star would not meet minimal standards for a first year journalism class. The article is the usual cut and paste from other sources and bagged up as "Reporting." <br /><br />Our Legislators who have over sight responsibilities are left off the hook, by the article. No tough questions asked about Legislative and State Responsibilities -Just Opps one bad apple, and move on. Perhaps the Legislators are too busy fighting over Same Sex Marriage or Same Sex Civil Unions, Creation Science, or Intelligent Design. <br /><br />The Eric Turner debacle and now this leads you to think the whole bunch of Legislators needs to be turned out to pasture. <br /><br /> Floggerhttps://www.blogger.com/profile/10383015097067413086noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-91706067253334757472014-10-20T09:50:37.944-05:002014-10-20T09:50:37.944-05:00"He added, “We had internal controls in place..."He added, “We had internal controls in place that should have prevented this fraud. Individuals with responsibility of following those internal controls failed us. Those individuals are no longer with the university, so the personnel has changed. This loss of money was not the result of a flawed system. This was a result of flawed individuals.”"<br /><br /><br />Um no, you didn't have internal controls in place, as this wouldn't happen if there were internal controls in place. Internal controls would have caught this if it truly were a lone employee doing this. Internal controls can be circumvented if there is collusion.<br /><br />The other incredibly stupid sentence is "if those employees had followed the internal controls in place". Of course this person wasn't going to follow the internal controls, they were planning to steal $13 million!!! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-86045185069201369862014-10-20T09:04:00.953-05:002014-10-20T09:04:00.953-05:00So,we are supposed to accept the fact that over $1...So,we are supposed to accept the fact that over $13 million just simply disappeared from the coffers of a State university due to the malfeasance of an unqualified employee? I'm not going to buy that.<br />The money trail led to at least $2 million that Seth Beoku Betts blew on himself but the balance of over $8 millian ended up with the Hebrew Boys operating out of the Bronx with tentacles all the way to LA.<br />In the 21st centurym money moves by wire so how is it that Feds don't want us to know where the Hebrew Boys wired the hefty balance of money stolen from Ball State to.<br />Anonymousnoreply@blogger.com