FacebookTwitterRSS

$50,891 Stolen from Athletics

December 18, 2013

 

Kaleb Causey
Editor-in-Chief

 

More than $50,000 was stolen from the Louisiana Tech athletics ticket office between August 2011 and June 2012, according to a report released by the Louisiana legislative auditor.

 

The report said university officials knew of the $50,891 theft in July 2012, but did not immediately address control weaknesses in the ticket office.

 

“In the athletic ticket operations area, the same employee collects payments, makes deposits and reconciles the deposit to the accounting records,” Louisiana Legislative Auditor Daryl Purpera wrote in the report’s management letter dated Nov. 15 of this year.

 

Former Tech ticket manager Randall Chance Snow, 24, was arrested on Aug. 9, 2012, and charged with theft in connection with the disappearance of $49,158, according to a university police incident report.

 

Snow is scheduled to appear in district court Jan. 14.

 

In a statement released Monday, the university did not disclose the name of the employee, but did say he has admitted to the theft and had resigned prior to the discovery of the missing money.

 

Tech internal auditor Robert Grafton said the university was tipped off to the theft by the athletics department.

 

“When they hired a new ticket manager, that person discovered it,” he said. “I looked at all of the details and information and the person’s actions that I investigated was the person arrested.”

 

In a written response to the audit report, Louisiana Tech President Les Guice wrote that he feels that adequate improvements have been made to prevent future incidents.

 

“Louisiana Tech took the necessary steps to collect and safeguard documentation related to the incident,” the university noted in a statement released Monday. “[The information] was then turned over to the district attorney for Lincoln Parish.”

 

Tech has received a full reimbursement for the theft and said they will continue to regularly review and improve money-handling practices across campus, according to the university.

 

The Tech Talk will continue to monitor this situation and provide updates as they develop.

 

Email comments to ktc013@latech.edu.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *