An Indiana University Foundation employee has been fired after allegedly confessing to embezzling funds. Campus police are investigating and the IU Foundation is going through an audit to determine exactly how much money was stolen.

IU Foundation leadership learned of the embezzlement Aug. 21, according to an email from Matt Kavgian, spokesman. The employee, whose name has not been released to the public, was “immediately dismissed,” according to the email.

The theft was discovered after irregularities were found in an audit. The IU Foundation has its own internal audit function and an external auditor, Kavgian said in a phone interview. Both take samples of transactions for review. A recent sample showed what appeared to be a mistake. As information was being gathered, the employee who was eventually fired came forward to a supervisor and confessed, he said.

The IU Foundation Board of Directors was notified within 24 hours of the confession, Kavgian said. IU Foundation leadership continued gathering information and filed a report with the Indiana University Bloomington Police Department the morning of Sept. 3.

An investigation is underway but no charges had been filed in the case as of Monday morning, said Capt. Craig Munroe of the IU Police Department in Bloomington. There is a possibility the investigation could be turned over to the FBI, but that has not been decided yet.

“A lot of information has to be accumulated,” he said.
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