Investigations into the incident at Teton School District 401 in Idaho involving the school district being defrauded out of over ¾ of a million dollars continue. On December 20th, $784,000 intended for Headwaters Construction of Victor was transferred into an account that turned out to be not associated with the company. Superintendent of Schools Monte Woolstenhulme says the district continues to cooperate with the FBI and with the district’s insurance carrier, Idaho Counties Risk Management Program, which is also investigating the case. Meanwhile, an internal investigation of the case is also ongoing. The school board called a special meeting over Christmas break at which time the district’s business manager was removed. The case will be on the agenda at the board’s next public meeting, Monday. In the meantime, additional security measures have been taken to safeguard the distribution of public funds entrusted to the district, according to board chairman Chris Isaacson. These steps, including greater oversight by the board, will be applied to allfinancial transactions of the district, not just those related to the bond project.
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