Possible Coup attempt happening at Howard University after a million dollar embezzlement scandal.

panopticon

panopticon

Superstar
Joined
Nov 28, 2016
Messages
5,435
Reputation
2,142
Daps
26,478
tru_m.a.c said:
Right, it's considered an administration scandal because Tyson and the other people stealing money were employees.

However, what will end up costing the President his job, and the school millions in legal proceedings is the business process used within the financial office.

NO OFFICE IN THIS WORLD, will allow you to approve your own financial transactions or your own expense reports. When I fill out anything involving expenses, it goes to my project's lead PM, then our contracts PMO, then the contract PM for sign off. Any discrepancies have to be flagged by those 3 people BEFORE it even hits the books for our internal corporate office to review. Most importantly, our internal financial offices have no contact whatsoever with project teams, so there is no favoritism. It's just a bunch of names and numbers to them.

It's a regular check and balance.

It's done to prevent fraud, but most importantly to make sure the money's actually fukkn right.

Seniors members are always liable for the actions taken by their junior staff. That's the fukkn point of you overseeing them.

Just pull up all of Tyrone's logged transactions since he joined, you only have to ask a few things:
- who approved of these transactions (fired)
- why weren't there administrative policies in place to prevent abuse (fired)
- why weren't there system locks built into the program to prevent abuse (fire the team that approved of the acquisition; fire the contractor; buy a new system)

There is no way, no way, you should be going into the next year with the same financial aid office intact.

This is not a failure of 6 people. This is the failure of an entire department. Not only did you not know someone was stealing money from you, you didn't even know how much money you were in control of in the first place and how many individual students should've been served.
Click to expand...
I'll bet all of these policies and procedures are in place - at least on paper. :francis:

More likely than not, the entire financial aid office is dirty. :manny:

No matter how many checks and balances you put in place, if there's a pre-existing culture of corruption and graft, it will go on until it's exposed. :francis:

I'll bet there are long-retired Howard financial aid officers with hundreds of thousands, if not millions that they've socked away from schemes like this. :francis:

Those who passed through that office when it was paper-based (rather than there being an electronic system/trail) are extra lucky - whatever they got up to can't be prosecuted, as its well past the statute of limitations. The Feds wouldn't even be able to go after them for back taxes. :wow:

Corruption is like cancer. The only weapon against it is aggressive chemotherapy.

Pink slips for everyone down to the damn janitors in that office - and that's just for starters. :ufdup::ufdup:
 
Wild self

Wild self

The Black Man will prosper!
Supporter
Joined
Jun 20, 2012
Messages
83,062
Reputation
12,116
Daps
225,234
Nicole0416 said:
Yo stfu. I’m not a bro either you fukkn c00n. Not reading none of your bullshyt. They spend more money per black male inmate than they do on the educational needs within the black community and you want me to sit here wasting time debating your ignorance and inaction. Said what I had to say earlier and I meant that shyt.

The govt intentionally defunds programs for black advancement in higher education, limiting access; restricts educational support programs in low income black neighborhoods and you keep repeating yourself about your stance on hbcus, again saying nothing.

Idgaf what you say that you do; nothing but empty rhetoric and side stepping. Because at the end of the day, America’s greatest threat and fear is a straight, educated strong black man (whether that knowledge is obtained through formal education or self-study) and is continually promoting efforts to deter that from happening. HBCUs provide a safe space and outlet to obtain that. Not letting the actions of selfish greedy self serving black c00n cons (agents) in the financial aid dept who we all agree frauded students out of their rights; distract from the positive contributions of primarily black learning institutions. One dept doesn’t define the purpose of an entire higher ed system; that’s a failure in fiscal responsibility and is being addressed.
Click to expand...

Yeah, the financial aid department is corrupt, but the fact that people see these fukkups and justify that HBCUs shouldn't exist, is suspect in terma of loyalty to the black community. Especially when HBCUs still produce the highest amount of black professionals and business owners.
 
ba'al

ba'al

Vasectomy Gang
Supporter
Joined
Mar 22, 2015
Messages
28,093
Reputation
27,088
Daps
176,214
Six Howard University employees were fired last year for "gross misconduct and neglect of duties" following an independent auditor's investigation into misappropriation of financial aid funds, according to a statement from the school's president Wayne A.I. Frederick.

The firings took place in September, 2017, and were made public Wednesday in Frederick's statement.

Howard University confirms school employees misappropriated funds intended for students
Click to expand...

One of the administrators flexing the money he finessed from them.




 
panopticon

panopticon

Superstar
Joined
Nov 28, 2016
Messages
5,435
Reputation
2,142
Daps
26,478
King Jove said:
back in 2006 a black woman named priscilla slade used more than $650,000 of texas southern school funds for "personal reasons".

she was indicted and accepted a plea deal and now she works at jackson state.
Click to expand...
giphy.gif
 
You must log in or register to reply here.
Top