Employee financial misconduct results in nearly $10,000 loss to CU Boulder

A University of Colorado investigation has found that an employee engaged in financial misconduct and cost the Boulder campus $9,502 in lost funds, one of a number of fiscal misconduct violations revealed in university audits in the past year.

The employee, who has since resigned, worked in a leadership role overseeing the financial operations of a large department at CU Boulder, according to a quarterly audit report. The employee was also found to have violated two additional university policies. CU System spokesperson Michele Ames declined to identify the person or provide more information, citing attorney-client privilege.

The investigation finding was part of an internal quarterly audit report presented to the University of Colorado Board of Regents Audit Committee during its meeting