A woman has been charged in connection with the embezzlement of more than $ 200,000 from a local charity in the span of two years.
The suspect is one of the charity’s employees and allegedly embezzled $ 209,000. EPS says the crimes occurred between November 8, 2019 and October 26, 2020.
The Alberta Foster and Kinship Association (AFKA) reported to police on October 27, 2020 that they discovered that their accountant had been transferring funds from one of the charity’s accounts to his personal accounts.
EPS investigators found that the money was transferred electronically to various accounts registered by the suspect. The suspect did not show up for her turn on the day a financial audit was being conducted at AFKA, leading the charity to uncover the fraud.
“AFKA has been fully cooperative throughout this investigation and we really feel sorry for them as that is the last thing you want to find out about an employee,” Const said. Shawn Joseph in a press release.
“We suggest that organizations segregate their accounting functions and use a system of checks and balances to ensure that no one person has control over multiple important parties to a financial transaction.”
Joseph added a part of that that includes technology. He said the installation of computer security measures would restrict access to computer terminals and records, periodically change entry codes and check regularly to ensure security procedures are active.
Brenda Rabie, 43, was charged with theft of more than $ 5,000 and fraud of more than $ 5,000 on October 7.
AFKA is an Edmonton-based charity that provides support to foster families and relatives.