by scoob » Fri Dec 06, 2013 9:02 am
by beenreal » Fri Dec 06, 2013 9:20 am
scoob wrote:Didn't the ex employee say he loan the money the club? Not vice versa...
Again how long until the WAFC explain hope this was allowed to occur. Am I right in saying that no one has taken/been given responsiblity for any of this yet?
How can a club operate like this? No wonder they are almost broke. Shambles!
by Mark Dreher » Tue Feb 04, 2014 4:10 pm
by Booney » Tue Feb 04, 2014 4:12 pm
Mark Dreher wrote:Press release from Westies
Following investigations by the Club in mid-2013, a former employee of the Club admitted to the unauthorised removal of a significant amount of Club funds. Restitution has been offered, and accepted by the Club, for this amount.
The Board subsequently appointed an experienced Chartered Accountant to undertake an investigation to determine whether this was, in fact, the material extent of the apparent fraudulent activity.
An extensive review of the Club’s accounting records, bank accounts and transactions involving the former employee was completed in early January 2014.
The investigation resulted in discovery of a number of further questionable transactions and potential misappropriations of funds which were reported to, and considered by, the full Board of the Club.
Upon review of this report by the former employee, a further amount of misappropriation has been admitted. Restitution has been offered, and accepted by the Club, for this amount.
The maximum recovery of funds for the benefit of the Club has been considered to be of prime importance and this matter has been an issue of serious priority for the Board, together with taking steps to tighten administrative procedures and controls to prevent the reoccurrence of such a situation in the future.
The matter has absorbed a huge amount of the Club’s resources and we look forward to a more positive and productive application of those resources with the finalisation of this matter.
Hopefully all over now. Time to move forward
by wycbloods » Tue Feb 04, 2014 4:16 pm
Booney wrote:Mark Dreher wrote:Press release from Westies
Following investigations by the Club in mid-2013, a former employee of the Club admitted to the unauthorised removal of a significant amount of Club funds. Restitution has been offered, and accepted by the Club, for this amount.
The Board subsequently appointed an experienced Chartered Accountant to undertake an investigation to determine whether this was, in fact, the material extent of the apparent fraudulent activity.
An extensive review of the Club’s accounting records, bank accounts and transactions involving the former employee was completed in early January 2014.
The investigation resulted in discovery of a number of further questionable transactions and potential misappropriations of funds which were reported to, and considered by, the full Board of the Club.
Upon review of this report by the former employee, a further amount of misappropriation has been admitted. Restitution has been offered, and accepted by the Club, for this amount.
The maximum recovery of funds for the benefit of the Club has been considered to be of prime importance and this matter has been an issue of serious priority for the Board, together with taking steps to tighten administrative procedures and controls to prevent the reoccurrence of such a situation in the future.
The matter has absorbed a huge amount of the Club’s resources and we look forward to a more positive and productive application of those resources with the finalisation of this matter.
Hopefully all over now. Time to move forward
"We've worked out you stole more"
"Yep, you want it back?"
"Yep."
*Surely in an official statement where guilt is admitted, the need for "allegedly" is no longer required.
by Brodlach » Tue Feb 04, 2014 4:27 pm
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by DOC » Tue Feb 04, 2014 4:39 pm
by Booney » Tue Feb 04, 2014 4:39 pm
Brodlach wrote:Where does it say Allegedly Booney?
by The Sleeping Giant » Tue Feb 04, 2014 5:08 pm
by Brodlach » Tue Feb 04, 2014 5:18 pm
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by The Sleeping Giant » Tue Feb 04, 2014 5:40 pm
by Brodlach » Tue Feb 04, 2014 5:53 pm
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by mickey » Tue Feb 04, 2014 6:29 pm
Brodlach wrote:Maybe but I believe the club was told it would take over three years before they saw the money again if the looked for a prosecution
by The Sleeping Giant » Tue Feb 04, 2014 7:02 pm
by Jim05 » Tue Feb 04, 2014 7:10 pm
by kickinit » Tue Feb 04, 2014 7:29 pm
mickey wrote:Brodlach wrote:Maybe but I believe the club was told it would take over three years before they saw the money again if the looked for a prosecution
So a thief and a blackmailer... doubt that he would get a job anywhere, let alone in finance
by tigerpie » Tue Feb 04, 2014 7:47 pm
by Brodlach » Tue Feb 04, 2014 8:14 pm
mickey wrote:Brodlach wrote:Maybe but I believe the club was told it would take over three years before they saw the money again if the looked for a prosecution
So a thief and a blackmailer... doubt that he would get a job anywhere, let alone in finance
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by Mark Dreher » Wed Feb 05, 2014 11:28 am
Brodlach wrote:mickey wrote:Brodlach wrote:Maybe but I believe the club was told it would take over three years before they saw the money again if the looked for a prosecution
So a thief and a blackmailer... doubt that he would get a job anywhere, let alone in finance
Not sure where blackmail has been ever mentioned until now when brought up by Mickey
Wouldn't get the money until it went through the courts if at all.
I'm sure Alan Scott never saw any of the money that was stolen by his former employee and that was millions
by JK » Wed Feb 05, 2014 11:30 am
Mark Dreher wrote:Brodlach wrote:mickey wrote:Brodlach wrote:Maybe but I believe the club was told it would take over three years before they saw the money again if the looked for a prosecution
So a thief and a blackmailer... doubt that he would get a job anywhere, let alone in finance
Not sure where blackmail has been ever mentioned until now when brought up by Mickey
Wouldn't get the money until it went through the courts if at all.
I'm sure Alan Scott never saw any of the money that was stolen by his former employee and that was millions
Spot on Broadlach, if he was prosecuted and went away there was no way that we would have got the money back.
We do some things badly at Westies, but I don't think this is 1 of them.
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