Today the Journal Sentinel ran a story about the fraud perpetrated on Milwaukee Area Technical College (and taxpayers) by Kristin Semits, the procurement director. Seimits is accused of stealing more than $259,000j over a 7 year period using her P-card (purchasing card – like a company credit card).
The report produced by Titus, the company that investigated the fraud, can be seen here. A graph on page 2 shows how the theft started out small (a few thousand dollars each year) and built up to $86,000 in 2011 alone. MATC’s budget is $260 million, so it’s easy to see how a theft of $50,000 or $80,000 in one year might have flown under the radar.