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$100,000 allegedy stolen from local philanthropy foundation; employee fired

Original post made on Dec 28, 2009

The Silicon Valley Community Foundation announced Monday (Dec. 28) it has fired an employee who allegedly stole $100,000 from the organization.

Read the full story here Web Link posted Monday, December 28, 2009, 3:00 PM

Comments (7)

Posted by Observer, a resident of Old Mountain View
on Dec 28, 2009 at 5:50 pm

Well, "..tis the season."

Posted by QM, a resident of North Whisman
on Dec 29, 2009 at 11:19 am

"Unnamed employee fired" "$100,000.00 stolen" How do you miss 100,000 dollars? "if enough evidence is found, the employee will be arrested..." I guess if the police can not get a warrant, the unnamed employee will just get a job somewhere else.

Posted by sean, a resident of Sylvan Park
on Dec 29, 2009 at 12:03 pm

"How do you miss 100,000 dollars?"

the Foundation gives $264 million in grants. <thats how, 100 k is like .001% of the money that this great foundation normally gives.

Posted by heartfulart, a resident of Old Mountain View
on Dec 30, 2009 at 2:27 pm

She obviously thought that this foundation was being philanthropic to HER!

Posted by nanak, a resident of Shoreline West
on Dec 30, 2009 at 2:44 pm

100K in flxible accounts seem lot of money not knowing how many employees work for this foundation. What about the Auditors? Is it the same old KPMG,Deloitte,? Then I am not surprised. How long has this employee been doing this?

Posted by Doug Pearson, a resident of Blossom Valley
on Dec 30, 2009 at 4:58 pm

"How do you miss 100,000 dollars?"

Not only did the foundation not miss the money, they even know who the thief is! Sounds to me like good financial management by the company ("The theft was identified by our finance department as a result of internal controls ...").

Posted by king leo, a resident of Old Mountain View
on Jan 3, 2010 at 6:57 pm

Yeah it's time to get those criminals off the streets.

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