On Wednesday, April 22, Steven Anthony Cowles, a former employee of The Claremont Colleges Services (TCCS), was sentenced to 13 months in federal prison after admitting to embezzling over $1 million from the Claremont Colleges this January.
Over a period of 10 years, Cowles embezzled $1,000,571 through 1,343 unauthorized wire transactions. According to court documents, Cowles used a “P-Card,” an employee purchasing card provided by TCCS intended for buying parts and supplies for the colleges, to conceal the wire fraud. He created fictitious invoices and documents while also linking the P-Card to his personal PayPal account, court documents said.
“This was a serious, long-running abuse of trust that caused significant financial and institutional harm to The Claremont Colleges Services,” Laura Muna-Landa, assistant vice president of communications for TCCS, said.
Words by Ila Bell | Photo by Andrew Yuan
Read the full story at the link in our bio.
4 days ago
Facebook Comments