Rodeo Austin reports $1.3 million loss in embezzlement

From KVUE, “Rodeo Austin announced that they terminated and investigated an employee after discovering the person was using routine budgeting and accounting systems to embezzle $1.3 million.

Rodeo Austin said the theft was discovered in June 2016 and the employee was immediately terminated and an investigation was launched. Recovery efforts were launched the same month.

In August 2016, the board hired a new CEO. When filing the 2015 990 with IRS, Rodeo Austin reported $1.3 million in losses.”

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