Wednesday, February 8, 2023
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The Carthage school district recovers some, but not all, of the money stolen in the scam

The Carthage Central School District will not be able to recover all of the money that a scammer stole.

When this occurred, the district announced that it would make a claim with its insurance carrier in the hopes of retrieving the monies.

After paying a payment using a wire transfer, the school system fell victim to a fraud in March and lost $759,000.

Superintendent Jennifer Premo told 7 News on Tuesday that the cash will not be recovered in full.

According to sources, the Massena Central School District was possibly targeted in the same scam back in March but did not lose any money.

“While we were only able to recover a portion of the funds, the district is extremely fortunate to be able to move on from this incident with no long-term financial consequences,” she said.

The FBI and state police will not corroborate this, although both organisations have stated that they are still investigating the Carthage hoax.

They stated that they do have leads and that they aim to disclose additional information soon.

News Summary:

  • The Carthage school district recovers some, but not all, of the money stolen in the scam
  • Check all news and articles from the latest Business news updates.
Patrick Huston
Patrick Huston
As a senior editor, Patrick is a professional who is in charge of putting out business news. As a senior editor, Patrick is likely to be in charge of the duties of junior editors and writers, make sure the content is correct and high-quality, and work with other departments to make sure the business news is published on time. Patrick knows a lot about business and the latest market trends. He uses this knowledge to choose and edit stories that are both interesting and useful to readers. He also works with reporters and analysts to come up with insightful pieces that help readers keep up with the latest business news. Patrick is a very important part of keeping the public informed and interested in important business issues. He is passionate about journalism and strives for excellence.
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