County Recovers $208k Of Stolen Funds
Bedford County says it has recovered a majority of the money from a recent fraud scheme involving its finance department.
In an emailed statement signed by Commissioner Chairman Mike Stiles, the county wrote that it has successfully recovered $208,544.69 of the $247,230 total.
"Upon discovering the incident, the County immediately worked with its banking partners, law enforcement, and internal staff to recover the funds," the statement said.
Additionally, the statement said the remaining $38,685.31 was reimbursed through the county's social engineering fraud liability insurance coverage, and results in no financial loss to Bedford County taxpayers.
As reported by the Gazette last Friday, an Illinois man, Wayne Michael Radosky, was identified in a criminal complaint and faces five second-degree felony counts of theft, theft by deception, receiving stolen property, and two counts of forgery, as well as a third-degree felony count of access device fraud, stemming from an alleged redirected payment into his bank account.
More information on the alleged theft will be in Friday's edition.
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