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04-30-2014, 11:30 PM
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#1 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,032
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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 | 
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04-30-2014, 11:36 PM
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#2 | | I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002 Location: CELICAland
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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)
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04-30-2014, 11:45 PM
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#3 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,032
Thanked 9,822 Times in 3,903 Posts
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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  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
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05-01-2014, 08:14 AM
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#4 | | YOU CANT CUT BACK ON FUNDING! YOU WILL REGRET THIS
Join Date: Feb 2009 Location: FL400
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I'm sure the high up Sauder guys make plenty of coin this way
__________________
Where the hell am I
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05-01-2014, 08:45 AM
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#5 | | RS controls my life!
Join Date: Mar 2004 Location: D
Posts: 767
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There is a flaw the humans share. The accumulation of wealth, blame society that values money above everything else.
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05-01-2014, 08:52 AM
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#6 | | Head Moderator
Join Date: Dec 1982 Location: Great White Nor
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Originally Posted by FS1992EG  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.  | |
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