Part of $330,000 stolen from school district recovered - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Part of $330,000 stolen from school district recovered


The Stoddard County prosecutor and Dexter Police Department are investigating how more than $300,000 stolen from the Dexter school district.

On Aug. 17, $330,305.43 was stolen from the Dexter school district via fraudulent electronic transfers, according to Stoddard County Prosecutor Russ Oliver.

At least $116,924.33 has been recovered and returned to Dexter schools so far.

Authorities have not pinpointed exactly how the fraud happened or who is responsible yet.  A preliminary investigation reveals the bank's security system was not compromised, functioned properly and immediately sent email notifications of suspicious activity to the school district.

Oliver says it does not appear that the school district's security system was compromised.

Oliver says school districts should inform any employee who has electronic access to the school's electronic funds transfer system to be vigilant against spoof emails asking for any bank log-on information or any other known "phishing" email scams. Bank email notifications of suspicious activity should be taken very seriously and appropriate action taken immediately.

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