Police investigate possible embezzlement of GI Community Foundation funds

Tools

by Josh Egbert

Story Created: Jun 18, 2012 at 4:39 PM CDT

Story Updated: Jun 18, 2012 at 7:40 PM CDT

A routine annual audit shows an undisclosed amount of money has gone missing from the Grand Island Community Foundation.
It's now being investigated as an embezzlement.
At the same time, the executive director has resigned.
According to the Grand Island Police Department, Lisa Katzberg allegedly opened an account at a bank, transferred funds to that account and used those funds for personal use.
The president of the community foundation says she believes Katzberg acted alone in transferring the funds.
The loss of funds was discovered Thursday.
They total amount of money that went missing has not been released, but board members say it's not a huge amount.
The foundation says it has received repayment of the funds.
Policy continue to investigate the incident.

On Demand

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Poll

Should the legal limit for alcohol behind the wheel be lowered from .08 to .05?

  • Yes
  • No

Local Gas Prices

Lowest Gas Prices in Tri-Cities
Nebraska Gas Prices provided by GasBuddy.com

KHASTV on Facebook

Weather Closings