A long-time College of Southern Idaho business office employee is being investigated on suspicion of stealing money from the college for years.
CSI and Twin Falls police haven’t released the name of the employee, who no longer works at CSI, and charges have not been filed.
The amount of money stolen can’t be released because the investigation is ongoing, said CSI spokesman Doug Maughan.
“What I can say is that this was persistent and a cleverly disguised action that took place for a number of years.”
No student payments were affected, he said.
“These isolated acts will have no financial impact on student tuition, class size or the staff of the College of Southern Idaho, nor is there any threat to the long-term success and viability of the college,” he wrote in a news release Tuesday. CSI is insured for financial losses.
College officials discovered financial irregularities in late July and immediately notified law enforcement, the statement said. “Since then, both law enforcement investigations and an internal review confirm the isolated actions of one employee who allegedly misappropriated funds, who is no longer employed at CSI.”
Twin Falls County Prosecutor Grant Loebs confirmed the probe but declined to comment further.
CSI and police are investigating separately but cooperatively. The college also hired a forensic auditor to identify how thefts occurred.
The incident has led to changes, Maughan said, but he wouldn’t specify what.
“Upon discovery of this alleged crime, the College of Southern Idaho made immediate adjustments to its internal financial control processes,” the statement said.