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Embezzlement Investigation at UBC

so both medical and dental school at UBC have faculty/senior employees on the hook for fraud in the neighbourhood of $0.5-5M

makes you wonder if other professional programs like Business and Law are equally sketchy

Quote:

University of B.C. auditors have uncovered possible financial irregularities involving the management of a $3-million-a-year dentistry program, and the matter has now been referred to the RCMP.

Read more: Investigation of UBC dentistry program?s financials turned over to RCMP

not at all surprised

all businesses / govts have a level of fraud going on, if its small enough auditors ignore it and if its well done auditors wont even find it (not that thats their role)

yeah did some more reading...apparently pretty common

Financial crime common in Canadian universities - The Globe and Mail

Quote:

Annual surveys of 20-plus university auditors reveal that their institutions quietly endure some level of financial crime year after year – five- and six-figure sums routinely go missing, much of it unrecoverable. Yet they are more reluctant than companies in other industries to install and enforce safeguards, even in a time of budget crunches, when spending is being watched especially closely.

Last month, police charged a University of Waterloo copy centre supervisor with fraud totalling $955,000 little more than a month after similar charges were brought against two York University employees accused of taking more than $1.2-million over nearly three years. Studies show most frauds at universities total between $10,000 and $50,000, but seven-figure thefts are hardly a rarity: A quarter of all Canada’s occupational frauds are worth at least $1-million.

even if it's over a few years where's the papertrail for 7-figures :fulloffuck:

Audit finds VCH/UBC research funds at high risk for fraud - News - Vancouver Courier

it's just so disheartening to see healthcare professionals abusing people's/taxpayers charity for research/projects of alzheimer's etc going into their own personal account

I'm sure the high up Sauder guys make plenty of coin this way

There is a flaw the humans share. The accumulation of wealth, blame society that values money above everything else.

Quote:

Originally Posted by FS1992EG (Post 8464591)

There is a flaw the humans share. The accumulation of wealth, blame society that values money above everything else.

If I hadn't seen your username, I would have sworn this was a Ulic post. :lol