Bank Fraud On Miami Beach

According to a report from the Miami Herald $3.6 million dollars has been siphoned from The City of Miami Beach from one of  their checking accounts by someone who got their banking information and set up automatic fund transfers to other banks.  City employees that should have caught this have resigned and the automatic transfer accounts have been closed.

I think there are a lot governmental agencies that should read this article and then make sure the expenditures are monitored and accounts are reconciled.  In the name of convenience debit cards, and credit cards are out there and so is the banking information.

The City Manager admits that this didn't happen overnight or in one month.

This is a public service of "the media".  What can happen on the Beach could happen at any governmental agency that receives and spends tax money.

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