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February 28, 2008

Juvenile Diabetes Foundation Asks District Attorney to Investigate Loss of Funds

New York’s district attorney is investigating the Juvenile Diabetes Research Foundation International over the loss of hundreds of thousands of dollars, says The New York Times.

The organization asked the district attorney’s office to investigate after it conducted an internal audit and discovered the money was missing.

Gail Pressberg, the secretary of the foundation’s board, said the probe is centered on the misappropriation of funds through phony receipts that had been produced on computers.

Ms. Pressberg said her organization had fired two employees after its audit determined that a substantial sum was missing.

“It’s a foolish person who tries this” Ms. Pressberg said. “We catch people.”

“We had enough evidence to terminate the employees,” she added. “There’s no nonsense in this organization.”

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