Some stolen school funds may have been recovered

It appears some of the money stolen from the Teton School District in a recent scam may have been recovered.

Superintendent Monte Woolstenhume said the district’s bank, Bank of Commerce, alerted him that afternoon that “Comerica Bank has represented a return of approximately $484,000.”

The funds were part of a fraudulent payment of $784,000 discovered by the district on December 20,2018. The district is cooperating with the FBI, its insurance carrier (ICRMP), and financial institutions in ongoing investigations of the fraud as well as conducting its own internal investigation.

The announcement came at a work-session of the school board at the district office in Driggs Monday.

Woolstenhume hopes to have an update, including the exact amount and confirmation of the recovered funds at the school board’s next meeting Monday, January 14.

More information has been posted on the district’s website here.