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Audit: $50,000 Stolen from LA Tech Athletic Ticket Operations

The Louisiana Legislative Auditor says Louisiana Tech needs better controls over its collections, which could have prevented the theft of over $50,000.
Ruston -- The Louisiana Legislative Auditor says Louisiana Tech needs better controls over its collections, which could have prevented the theft of over $50,000.

According to the audit released Monday morning, between August 2011 and June 2012, over $50,000 was stolen in Athletic Ticket Operations.

The audit says the same person is responsible for picking up and depositing the money collected.

The university is aware of the theft, but according to the audit, has not address the underlying control weakness.

Statement from Louisiana Tech:

Louisiana Tech University has reviewed the findings of the legislative auditor as it relates to the theft of funds from its athletics department’s ticket office during FY2012, and concurs with the auditor’s report. Upon learning of the theft in FY2012, Louisiana Tech took the necessary steps to collect and safeguard documentation related to the incident, which was then turned over to the District Attorney for Lincoln Parish. The University also conducted a review of its financial transaction policies and procedures across the campus, and took additional steps to protect against financial improprieties or loss. Louisiana Tech has received full reimbursement for this financial loss and will continue to regularly review and improve all of its cash handling and financial transaction procedures.


The employee, who admitted to this theft at the outset of the internal investigation, had resigned from the university prior to discovery. The evidence and documentation that was obtained was turned over to the District Attorney for further investigation and prosecution. As this is still an active legal matter, Louisiana Tech cannot comment on any aspect of the incident.


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