Alleged serious fraud at Moriah College
The Board of Sydney’s Moriah College is investigating recently discovered serious alleged fraudulent activity, which appears to have been committed, over a period of time, within the College by a former administrative employee.
Moriah College
The College has retained legal and forensic advisors in respect of the suspected fraud and has notified the Police.
Yesterday, the College applied to the Supreme Court and was granted orders freezing the assets of the former employee.
The Board will take every possible step to identify how the fraud occurred and recover all misappropriated funds.
College President, Mr Stephen Jankelowitz commented that, “we are mindful that this matter will be of concern to members of the College community and wider community, and want to assure parents, staff members and students that there will be no disruption to school activity and our business of teaching and learning.”
The matter has been referred to the Police and is before the Courts, therefore the College is unable to make any further comment at this stage.
The Sydney Morning Herald reports that former financial controller Augustine [Gus] Robert Nosti is the person whose assets were frozen. He was employed by Moriah College in 2004. He left the school eight months ago.
Heads should roll including The Board !’
Perhaps the Board and the Auditors should resign !!
Same school where the password of a member of staff was compromised !
Someone is asleep at the wheel !!