$2.6 Million of Beef Checkoff Funds Embezzled in Oklahoma


Source: Oklahoma Farm Report 

Last September, Executive Director Heather Buckmaster released a statement revealing the apparent theft of money by an employee who was immediately terminated once wrong doing was discovered. The statement on September 21st signaled the start of what has developed into a lengthy investigation. 

The embezzlement investigation continues and the state beef checkoff group released a statement yesterday afternoon on the forensic analysis to this point, revealing that $2.6 million dollars is involved over an eight-year period. 

“When initial evidence was discovered, we immediately terminated the employee and hired an accounting firm to perform an extensive forensic analysis and assessment, which documented $2.6 million in employee theft between 2009-2016. 

“The Oklahoma Beef Council provided this information to Federal authorities in September to ensure swift action could be taken. Our goal throughout this process has been to speed recovery and restitution to the greatest extent possible. The board of directors and staff have cooperated fully with Federal authorities as the investigation has moved forward.” 

You can read the full statement from the OBC, including comments from their current Chairman Tom Fanning by clicking or tapping here.


Source:  Agri-Marketing

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