There was no lack of interest in the public meeting at the Teton County School District 401 officer in Driggs Monday where the school board updated the standing room only crowd about the ongoing fraud investigation. As announced last week, the district has recovered $484,332.66 of the original amount of $784,000 fraudulently transferred as a result of the ongoing investigations by the FBI, ICRMP and financial institutions. At the meeting, representatives from the Bank of Commerce, Rudd and Company, and Headwaters Construction took questions from the board regarding the fraud incident discovered December 20th. Also on hand were the school district’s legal counsel, and Varr Snedaker, business manager of Madison School District #321 in Rexburg, who is providing the district with some immediate high-priority operational assistance. Jeff Boice of the claims department of the district’s insurance company, Idaho Counties Risk Management Program addressed questions by phone. The district’s previous business manager has been removed from his position and applications are being received for his replacement.
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