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> For over a year, someone had been wiring thousands of dollars out every few weeks. We were short over $100,000 due to fraud. Did the VP of Finance point out
by kevmo314 4y ago
> For over a year, someone had been wiring thousands of dollars out every few weeks. We were short over $100,000 due to fraud.
Did the VP of Finance point out the ridiculous amount of lost interest by keeping $35M idly sitting as cash? Definitely a lot more than $100k.
- renonce 4y agoInterest rate between 2008 and 2015 was around 0.1% per year. Not much I think.
- jaclaz 4y agoThe VP of finance is the same one that took two years + to realize (through an internal audit) that some 1,100,000 worth of invoice payments were paid on that account instead of the main one. This makes little sense, bordering to impossible, pairing invoices and payments received is weekly or at most monthly routine.