GREENSBORO, N.C. (AP) - The former accounting director of North Carolina A&T University’s foundation has been charged with stealing about $400,000 over three years.
Shirlye Cornelia Grandy, 50, turned herself in to Greensboro police Thursday. Officials say Grandy had worked for the foundation for nearly nine years before she was fired in March.
Grandy is charged with embezzlement, corporate malfeasance, obtaining property under false pretenses and accessing a government computer with the intent to defraud. It was not clear if Grandy has an attorney.
The foundation has not recovered any of the money.
Interim director Shirley Frye said the foundation is working to make sure the theft cannon happen again.
The foundation is affiliated with but is independent from the university. The foundation supports the university through student scholarships, academic programs and other ways.
The foundation’s $59 million in assets as of last July included three residence halls and the Alumni-Foundation Event Center, which houses the foundation’s offices and meeting spaces.
Frye said in December, a foundation employee noticed discrepancies in the organization’s accounts.
Frye said investigators found that since January 2011 about $400,000 in foundation money had been transferred electronically to a personal account. There was no evidence that any other foundation employees were involved.
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